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IFRS 9 - Financial Instruments Workshop

This activity is presented by PwC.

This half day intensive session will delve into the fundamental changes of IFRS 9, to enable you to effectively implement the new requirements. 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.



Content Description

The following are some areas that will be covered during the IFRS 9 workshops:
• The new model for 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 and transition guidance.

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.
• Identify the frequently asked questions raised by companies and auditors regarding implementation to date.
• Ascertain the practical expedients and operational simplifications available to assist with implementation.
• Explain key disclosure and transition requirements.
• Use relevant case studies and sample models to understand how the requirements should be applied.
• Identify key issues in applying an expected credit loss model for impairment including how to calculate expected credit losses.
• Explore opportunities to use new hedging strategies that were not previously available and the result on income statement outcomes.


Benefit from detailed case studies, practical insights and frequently asked questions on implementation issues around IFRS 9, which should enable you to effectively implement the new requirements. It will also provide an opportunity to network and with presenters and like-minded professionals.

This activity is presented by PwC.

For more information on other IFRS Workshops, please see links below:
IFRS 16 - Leases
IFRS 15 - Revenue from Contracts with Customers


Topic: Reporting

Sub-Topic: Financial Reporting

Format: Workshop

Proficiency Level: Intermediate, Advanced

CPD: 4 hours