Course Details
Course Outline
5 days course
IAS 32 Financial Instruments Presentation
- ASB standards applicable to financial instruments: IAS 32, IAS 39, IFRS 7, IFRS 9 and IFRS 13
- Introduction to IFRS 9
- Definition of financial assets, financial liabilities and equity instruments
- IAS 32 Financial Instruments: Presentation – financial liability versus equity instruments, compound financial instruments and offsetting
- Interest, dividends, losses and gains
- Offsetting financial assets and liabilities
- Statement of financial position
- Three impacts
IFRS 9 Financial Instruments
- Overview of IFRS 9
- A potted history
- Timings
- Recognition and derecognition
- Accounting treatments
- Classification and measurement
- Two tests
- Barnaby Ruffles’ securities
- IFRS 9 and impairment
- Impairment
- Credit Cars’ ECLs
- Impacts
- Are you up to Standard?
IFRS 9 and Hedge Accounting
- Overview of hedging, accounting for different types of hedges and comprehensive
- Objectives and scope
- Which items qualify as hedges?
- Accounting for hedging relationships
- Hedging groups of items
- Issues with IAS 39 hedge accounting
- IFRS 9 hedge accounting model
- Hedging instruments
- Qualifying criteria
- Hedge documentation
- Hedge effectiveness requirements
- Rebalancing
- Discontinuation
Measurement of financial assets and financial liabilities
- Initial recognition including treatment of transaction costs
- Subsequent measurement (IFRS 9 and IFRS 13)
- Debt instruments
- Equity instruments
- Fair value movements due to changes in own credit risk and reporting it for financial liabilities designated at fair value through profit or loss
Impairment of financial assets
- Introduction to IFRS 9 expected loss model – background, scope and impact of the model
- Application of IFRS 9 expected credit loss model
- 12-month and lifetime expected credit losses
- 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
- Individual and collective assessment of impairment
