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IFRS 9 - Financial Instruments Fundamentals



This one-hour length IFRS 9 – Fundamentals of Financial Instruments webinar will delve into the key changes of IFRS 9, offer practical insights for transition and enable you to understand the implementation requirements.

Content Description

IFRS 9 applies for years beginning on or after January 1, 2018 and introduces significant changes to classification and measurement, impairment and hedge accounting. Its impact is sure to reach far beyond finance, to areas such as credit risk, systems, data, tax, internal audit and others. The time to act is now.

Highlights

The following are some areas that will be covered during the IFRS 9 webinar:

  • IFRS 9 Fundamentals covering the classification and measurement of financial assets and liabilities and differences from IAS 39. 
  • IFRS 9’s new impairment model. 
  • The shift away from IAS 39’s incurred credit loss approach to an expected credit loss model. 
  •  Hedge accounting. 
  • Quantitative testing requirements. 
  • Disclosure requirements. 
  • Practical considerations in implementation and transition.

Learning Outcomes

Upon satisfactory completion of this activity delegates will be able to:

  • Explain the fundamental requirements of IFRS 9 including the key changes from IAS 39.
  • Identify the common challenges and pitfalls when applying the requirements of IFRS 9.
  • Explain key disclosure and transition requirements. 
  • Identify practical examples of how the requirements can be applied during transition. 
  • Identify key issues in applying an expected credit loss model for impairment including how to calculate expected credit losses.

Benefits

Benefit from practical insights and examples on implementation issues around IFRS 9, which should enable you to effectively understand and assist in transitioning to the new requirements.

Aletta Boshoff is the national leader of IFRS Advisory at BDO Australia. She has over 25 years’ experience in financial reporting and accounting, audit and assurance, corporate governance, accounting professional and ethical standards, learning and development (including client Webinars, newsletters and seminars), corporations law and other regulatory requirements. She has undertaken numerous engagements advising on the application of Australian accounting standards and IFRSs.

Aletta commenced her career at Coopers & Lybrand in Johannesburg. Aletta was an Associate Professor at the University of Johannesburg before immigrating to Australia in 2002. Prior to joining BDO Australia, Aletta was the Technical Director at two large national networks in Australia. Aletta also spent a number of years as a Project Manager at the Australian Accounting Standards Board (AASB).



EVENT DETAILS



Topic: Audit & Assurance, Corporate Finance, Reporting



Sub-Topic: Finance Management, Financial Reporting, Financial Statement Audit



Format: Webinar



Proficiency Level: Intermediate



CPD: 1 hours