IFRS 9 - Financial Instruments (VO)

OBJECTIVE:
The course is designed to teach participants the main provisions of the new IASB standard IFRS 9, Financial Instruments, which recently became effective for fiscal years starting after January 1, 2018. This standard is significantly different in many areas compared its predecessor standard, IAS 39, and certain models and provisions in the new standard may be difficult to apply and require significant judgment.

The course will assist participants by providing them with the practical knowledge to understand the concepts and provisions to the standard and apply it to their portfolio of financial instruments. IFRS 9 applies to all companies and may require certain planning, system and process changes to apply it effectively. The new standard can significantly change financial instrument classification, measurement and impairment amounts and their timing of recognition. The course will likely be particularly relevant to certain industries as well (e.g. banking and other financial service industries).

WHO WILL BENEFIT:
Professionals responsible for the accounting, presentation and disclosure of financial instruments.

LEARNING OUTCOMES:
By the end of this course, participants will learn the following about IFRS 9:

  • The three classification categories and related criteria for financial assets and how they differ from IAS 39 classification categories
  • The subsequent measurement models of financial assets and liabilities and how they differ from IAS 39 measurements
  • Key concepts, elections and application of new expected credit loss impairment model
  • Presentation and disclosure requirements and examples of such disclosures
  • New hedge accounting model and how to identify certain derivative and embedded derivatives
Course Code:  VO2011
CPD:  Estimated CPD Hours: Total - 7  Licensing - 7
Competency:  Financial Reporting
Course Level:  Intermediate
When
4/20/2020 - 8/30/2020
Where
Video on Demand
Canada

Program


Monday, 20 April 2020

 
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Time
4/20/2020 - 8/30/2020
4/20/2020
Requires 1 Passport day.
Time
4/20/2020 - 8/30/2020
4/20/2020

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