IFRS Standards 9

General objectives:
International Financial Reporting Standard 9 (IFRS 9) is the largest change in accounting for financial institutions since the adoption of international accounting standards in 2005.
This new standard introduces new concepts and changes many of the foregoing, with potential impacts on results, balance sheet, systems and processes, and reporting and other disclosures.
It also introduces changes in several areas, with emphasis on impairment, for example, passing from a model of losses incurred to expected losses, with financial impacts.
Another of the basic accounting areas that changes with this regulation is the classification and measurement of assets, with changes in concepts and consequently the structure of the balance sheets.
Also in derivatives accounting and hedge accounting there are significant changes and new principles, for example, the "economic relationship" principle.
This course aims to help you understand with technical rigor the basic concepts of IFRS 9.

Specific objectives:
At the end of the course the trainees will be able to:

• Identify the main changes introduced by IFRS 9 in the areas of: Impairment; Classification of Assets; Accounting for Derivatives and Hedge Accounting.
• Understand the new model of expected losses to determine impairment;
• Know the new criteria for classification of assets and liabilities, including analysis of business models;
• Analyze the new alignment between accounting and risk management in derivatives;
• Know the main challenges of implementing IFRS 9. 

CONTENTS

 Module I - IFRS 9 - Introduction and Framework
Module II - Financial Assets - Classification
Module III - Measurement of Assets
Module IV - Credit Impairment
Module V - Accounting
Module VI - Transition to IFRS 9