Accounting for financial instruments in IFRS – Applying IFRS 9

Target audience

- Consolidators

X day

Prerequisites

It is recommended to have a good understanding of financial instruments and, specifically derivatives (swaps, options…), which can be obtained by attended our « Understanding hedging financial instruments ».

Objectives

– Know how to value and account for financial instruments under IFRS, specifically hedging derivatives

– Be able to implement hedge accounting

– Understand the related internal control issues, and the consequences on information systems and processes

Detailed content

> What is a financial instrument?

– The different categories according to IFRS 9
– Derivatives: systematic recognition on the balance sheet under IFRS

> Measuring financial instruments

– Fair value
– Amortized cost and effective interest rate: practical implementation
– Changes in fair value: reported in P/L or in OCI
– Impairment: expected loss approach

> Reporting financial instruments: recognition and derecognition

> IFRS and hedging strategies

– The use of derivative instruments: trading or hedging?
– Hedge accounting according to IFRS 9 (fair value hedge, cash flow hedge, net investment hedge): practice and implementation

> Financial disclosures to include in footnotes related to risks arising from the use of financial instruments (IFRS 7)

Why you should attend?

Accounting for financial instruments under IFRS should not exclusively remain within the realm of expertise. This training explains the key issues and renders the topic accessible, by reinforcing explanations on fundamental principles with numerous practical cases.

Training methods and assessment

Technical developments are presented with examples taken from current facts and actual annual statements. Theoretical principles are immediately put in practice via exercises and case studies.
A final quiz assesses knowledge acquisition.
Assessment questionnaire.
A training certificate is delivered at the end of the session.

The trainer is available by e-mail to answer any follow-up questions participants may have.

Price

1 840 € Excl. VAT – 2 208 € Incl. VAT

Médias

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Témoignages

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Jonathan C.
Entreprise
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