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IFRS 9 Financial Instruments for Banks

September 20 - September 21

Overview

The IFRS 9 or the Malaysian counter part MFRS 9 have been implemented as of the first quarter of 2018. According to a report, IFRS 9 requires more timely recognition of credit losses under the expected credit loss model. There are also a minimum loss allowance of 1% that has to be set aside by large banks. IFRS 9 reduces P&L volatility which allows more hedges for hedge accounting. It also helps to enhance management toolbox as it enables hedgers to treat ‘cost of hedging’ as a separate component of equity. The course is designed to develop your knowledge and understanding of international financial reporting standards as well as apply them. 

Who Should Attend

  • Staff in Finance, treasury, operations, risk, management, IT or Compliance departments 
  • CFO, Finance Directors
  • Accountants, Financial Controllers
  • Financial reporting executives
  • Treasurer
  • Budget officers/ forecasting specialists
  • Auditors
  • Merchant/ investment/ corporate bankers
  • Tax directors/ managers
  • Internal and external auditors
  • Regulatory staff
  • Analysts
  • Investment managers

Key Learning Objectives

  • The course will take a detailed look at the key provisions of IFRS 9, comparing it to the old provisions in IAS 39 to highlight the changes 
  • Focus on difference in Scope and Scope exclusions
  • Recognition principles and application
  • Financial asset classification in terms of application dates and relevant accounting
  • Derecognition principles and application
  • Hedge accounting differences in terms of scope, conditions, accounting, practical examples of hedge effectiveness testing

Enquiry Form

Details

Start:
September 20
End:
September 21
Event Category:

Venue

Kuala Lumpur
Malaysia + Google Map
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