Course Overview
International Financial Reporting Standard 9 (IFRS 9) on Financial instruments issued by the International Accounting Standard board addresses the accounting treatment for financial assets, Financial liabilities, derivatives etc.
This standard covers three main topics
- Classification and Measurement
- Impairment and
- Hedge accounting
This standard largely impacts entities in the financial services space with increasing complexities in financial instruments to meet the dynamic business needs. Understanding of this standard is paramount for auditors, accountants, analysts and other finance professionals.
Course Objective
The financial reporting environment is complex and given the dynamic business needs, the financial instruments are ever evolving, which can place a heavy burden on businesses to comply with the reporting requirements under IFRS 9. A big challenge facing businesses is ensuring that the right people within the organisation understand the relevant accounting requirements in order to achieve compliance with the accounting standard. This programme is designed to address these issues.
Course Highlights
- Customised curriculum
- The programme is delivered using comprehensive proprietary training material developed using PwC’s global experience
- Apart from comprehensive theoretical aspects, the session are designed to sharpen the accounting knowledge of participants through practical illustrations
- The session will be conducted by senior and trained professionals who have extensive knowledge of IFRS and Ind AS
- Participants who attend all the sessions will be awarded a “Letter of Participation” on completion of the course
By attending the programme, the participant will gain:
an understanding of the key concepts of IFRS 9
Understanding of the requirements for classification and measurement of financial instruments
Understanding of the requirements relating to impairment of financial assets
Understanding of the complex accounting requirements relating to hedge accounting
Experience in the formation of professional judgement on the practical application of IFRS 9
Detailed information on how to successfully implement IFRS/Ind AS in your organisation
CFOs, finance heads, controllers, and middle level accounts and finance professionals
It’s an instructor led 18 - 24 hours program
IFRS 9 standard to the extent relevant for your organisation. Customised curriculum
