IFRS 9: Financial Instruments

This intensive two-day training course provides a practical understanding of IFRS 9 – Financial Instruments. Participants will gain the knowledge and skills required to classify and measure financial assets and liabilities, apply the Expected Credit Loss (ECL) impairment model, account for hedge relationships, and understand at a high level the disclosure requirements under IFRS 7.

Why Should You Attend?

The program enables participants to understand the principles and objectives of IFRS 9, correctly classify financial instruments, and apply amortised cost and fair value measurement. Participants will calculate expected credit losses using practical methodologies, understand the staging requirements, account for modifications and derecognition, and learn to apply hedge accounting requirements.

Educational Approach

● Interactive lectures with practical examples.
● Group discussions encouraging collaboration between participants for a mutual learning experience.
● Quizzes along with questions and answers sessions to reinforce learning and test understanding.
● Case studies to bring IFRS to life and simplify its complexities.

Prerequisites

A basic understanding of accounting and financial reporting is recommended. Prior exposure to IFRS is beneficial but not essential.

Course Agenda

● Day 1: Introduction to IFRS 9, Classification and Measurement — scope and objectives, business model assessment, SPPI test and classification decision tree, accounting methods (amortised cost, FVOCI, FVTPL), initial recognition and subsequent measurement, effective interest rate, reclassification and derecognition.
● Day 2: Expected Credit Loss (ECL), Hedge Accounting & Disclosures — three-stage impairment model, Probability of Default/Loss Given Default/Exposure at Default, practical ECL examples, hedging relationship types, hedge effectiveness, IFRS 7 disclosure requirements, implementation challenges.