IFRS 9 for Banks and Other Financial Institutions

Introduction to IFRS 9 for Banks and Other Financial Institutions:
IFRS 9 is an international financial reporting standard developed by the International Accounting Standards Board (IASB) that provides guidelines for recognizing, measuring, presenting, and disclosing financial instruments. This standard is particularly crucial for banks and financial institutions, offering clear direction on how to report and manage their financial instruments.

Objective:
The objective of this course is to provide participants with a deep understanding of IFRS 9 and its impact on financial reporting. The program is designed to equip attendees with the knowledge and practical skills necessary to apply IFRS 9 effectively and ensure compliance with its provisions.

Organizational Benefits:
Organizations that enroll their staff in this IFRS 9 training can expect several advantages, such as:

Enhanced financial reporting: Participants will gain an in-depth understanding of **IFRS 9**, enabling them to produce accurate and reliable financial reports compliant with the standard.
Improved risk management: By mastering **IFRS 9**’s provisions for the classification and measurement of financial instruments and the expected credit loss model, financial institutions can enhance their risk management frameworks and make informed decisions.
Regulatory compliance: **IFRS 9** is widely adopted as the basis for financial reporting. This training ensures that organizations can stay compliant with both local and international regulations.
Increased credibility: Having staff trained in **IFRS 9** improves an organization’s reputation and credibility in the financial sector.

Who Should Attend:
This course is ideal for professionals working in banks, financial institutions, or related sectors, especially those involved in financial reporting, risk management, accounting, auditing, and compliance. The program is suitable for:

Accountants and financial controllers
Risk managers and analysts
Auditors
Financial analysts
Compliance officers
Treasury professionals
Regulatory reporting specialists
Finance directors and managers
Back-office professionals in financial institutions

Duration:
The IFRS 9 course runs for 10 days, providing participants with a comprehensive understanding of the standard, practical applications, and case studies to reinforce the learning process.

Course Outline:
Module 1: Introduction to the IFRS Framework
Overview of International Financial Reporting Standards (IFRS)
The importance of IFRS in financial reporting for banks and financial institutions
Role of IFRS 9 in financial instrument accounting
Module 2: Key Concepts and Scope of IFRS 9
Definition and classification of financial instruments
Overview of IFRS 9’s three main measurement categories: amortized cost, fair value through other comprehensive income (FVOCI), and fair value through profit or loss (FVTPL)
Module 3: Classification and Measurement of Financial Assets
Criteria for classifying financial assets into different categories
Measurement of financial assets at amortized cost, FVOCI, and FVTPL
Reassessing the business model for managing financial assets
Module 4: Impairment of Financial Assets
Introduction to the expected credit loss (ECL) model
Understanding the three stages of impairment: Stage 1, Stage 2, and Stage 3
Calculation and recognition of credit loss allowances for impaired financial assets
Module 5: Hedge Accounting under IFRS 9
Hedge accounting principles and requirements
Types of hedging relationships and accounting treatments
Assessing hedge effectiveness and documentation requirements
Module 6: Transitioning to IFRS 9
Transition requirements from previous standards (e.g., IAS 39)
Recognizing and measuring cumulative transition adjustments
Disclosures related to the transition to IFRS 9
Module 7: Disclosures and Presentation Requirements
Disclosure requirements for financial instruments under IFRS 9
Presentation of financial instruments in the statement of financial position and comprehensive income
Communicating significant accounting policies related to financial instruments
Module 8: Interactions with Other IFRS Standards
Interactions with IFRS 7 (financial instruments disclosures) and IFRS 13 (fair value measurement)
Recognition and measurement of embedded derivatives, compound financial instruments, and hybrid contracts
Module 9: Practical Examples and Case Studies – Part 1
Application of IFRS 9 principles to real-world scenarios
Analysis of case studies involving classification, measurement, impairment, and hedge accounting
Module 10: Practical Examples and Case Studies – Part 2
Continued analysis of complex case studies in IFRS 9
Group discussions and problem-solving exercises
Module 11: Implementation Challenges and Best Practices
Common challenges during the implementation of IFRS 9
Strategies for addressing implementation issues and ensuring compliance
Lessons learned from early adopters
Module 12: Regulatory Framework and Reporting Requirements
Overview of the regulatory landscape for financial reporting
Reporting requirements and disclosures mandated by regulatory bodies
Alignment of IFRS 9 with local regulatory frameworks
Module 13: Emerging Issues and Future Developments
Current developments related to IFRS 9
Emerging issues and potential future changes
Implications for financial institutions and financial reporting practices
General Notes:

Customized Training: All our courses can be tailored to meet specific participant needs.
Language: The course is conducted in English.
Comprehensive Learning: The program includes well-structured presentations, practical exercises, web-based tutorials, and group work. Our facilitators have over 10 years of experience in the industry.
Certification: A certificate of completion will be issued by **Stepsure Training and Research Institute** upon successful completion of the course.
Training Locations: Training is conducted at **Stepsure Training and Research Institute** centers, with options for in-house and online training based on the client’s schedule.
Duration: The course duration is flexible, with content customizable to fit different timeframes.
Onsite Training Inclusions: The course fee covers facilitation, training materials, two coffee breaks, a buffet lunch, and a certificate. Participants are responsible for their own travel and personal expenses.
Additional Services: Accommodation, pickup, freight booking, and visa processing can be arranged upon request at discounted rates.
Post-Training Support: We offer one year of free consultation and coaching after the course.
Group Discounts: Register as a group of more than two to receive discounts of up to 50%.
Payment Terms: Payments should be made before the course begins, or as mutually agreed, to ensure effective preparation.