Module 1
Introduction
Introduction to IFRS 9
Recap of IAS 32 Financial Instruments
Presentation – financial liability versus equity instruments, compound financial instruments and offsetting
Classification of financial assets and financial liabilities
IFRS 9 Classification: Amortized cost, Fair value through other comprehensive income and Fair value through profit or loss
Business Models criteria
Solely Payments of Principal and Interest (SPPI)
Fair value option
Module 2
Measurement of financial assets and financial liabilities
Initial recognition including treatment of transaction costs
Subsequent measurement
Amortised cost
Fair value measurement (IFRS 13)
Reclassification of financial assets
Fair value movements due to own credit risk in financial liabilities at fair value through profit or loss
Accounting for derivatives and embedded derivatives
Module 3
Amortised cost financial assets
Computing the effective interest rate
Applying the effective interest method under various scenarios
Plain vanilla bonds
Variable rate instruments
Financial assets that are pre payable
Loan commitments
Fee income and loan origination costs
Financial guarantees
Repossessed assets
De-recognition principles
Derecognition of financial assets
Determining whether a transfer has occurred
Transfer/retention of substantially all risks and rewards
Retaining “control” and measurement of continuing involvement
Derecognition of financial liabilities
Module 4
Impairment of financial assets
Introduction to IFRS 9 expected credit loss model – background, scope and impact of the model
Application of IFRS 9 expected credit loss model
12-month and lifetime expected credit losses
Staging of financial assets
Determination of significant increases in credit risk
Measurement of expected credit losses
Modified financial assets
Simplification and practical expedients
Purchase/origination of credit-impaired financial assets
Loan commitments and financial guarantee contracts
Module 5
Hedge accounting
Overview of hedging and accounting for three types of hedges – fair value, cash flow and net investment hedge
Impact of hedge accounting for interest rate and foreign exchange risk
IFRS 9 hedge accounting model
Hedged items
Hedging instruments
Qualifying criteria
Groups and net positions
Hedge documentation
Hedge effectiveness requirements
Rebalancing
Discontinuation
IFRS 7 Financial instruments disclosures
Updates
Impact of COVID-19 on IFRS 9
Interest rate benchmark reform
Macro-hedging
1309 G Street NW, Suite 900, Washington, DC 20005, USA
+1 919-503-4999
