{"id":3992,"date":"2024-11-19T10:01:52","date_gmt":"2024-11-19T10:01:52","guid":{"rendered":"https:\/\/stepsureresearchinstitute.org\/stage\/?post_type=course&#038;p=3992"},"modified":"2025-03-22T08:40:49","modified_gmt":"2025-03-22T08:40:49","slug":"ifrs-9-for-banks-and-other-financial-institutions","status":"publish","type":"course","link":"https:\/\/stepsureresearchinstitute.org\/stage\/course\/ifrs-9-for-banks-and-other-financial-institutions\/","title":{"rendered":"IFRS 9 for Banks and Other Financial Institutions"},"content":{"rendered":"<p><strong>Introduction to IFRS 9 for Banks and Other Financial Institutions:<\/strong><br \/>\nIFRS 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.<\/p>\n<p><strong>Objective:<\/strong><br \/>\nThe 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 <a href=\"https:\/\/en.wikipedia.org\/wiki\/IFRS_9\"><strong>IFRS 9<\/strong> <\/a>effectively and ensure compliance with its provisions.<\/p>\n<p>Organizational Benefits:<br \/>\nOrganizations that enroll their staff in this IFRS 9 training can expect several advantages, such as:<\/p>\n<ul>\n<li><strong>Enhanced financial reporting:<\/strong> Participants will gain an in-depth understanding of **IFRS 9**, enabling them to produce accurate and reliable financial reports compliant with the standard.<\/li>\n<li><strong>Improved risk management:<\/strong> By mastering **IFRS 9**&#8217;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.<\/li>\n<li><strong>Regulatory compliance:<\/strong> **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.<\/li>\n<li><strong>Increased credibility:<\/strong> Having staff trained in **IFRS 9** improves an organization&#8217;s reputation and credibility in the financial sector.<\/li>\n<\/ul>\n<p><strong>Who Should Attend:<\/strong><br \/>\nThis 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:<\/p>\n<ul>\n<li>Accountants and financial controllers<\/li>\n<li>Risk managers and analysts<\/li>\n<li>Auditors<\/li>\n<li>Financial analysts<\/li>\n<li>Compliance officers<\/li>\n<li>Treasury professionals<\/li>\n<li>Regulatory reporting specialists<\/li>\n<li>Finance directors and managers<\/li>\n<li>Back-office professionals in financial institutions<\/li>\n<\/ul>\n<p><strong>Duration:<\/strong><br \/>\nThe 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.<\/p>\n<p>Course Outline:<br \/>\nModule 1: Introduction to the IFRS Framework<br \/>\nOverview of International Financial Reporting Standards (IFRS)<br \/>\nThe importance of IFRS in financial reporting for banks and financial institutions<br \/>\nRole of IFRS 9 in financial instrument accounting<br \/>\nModule 2: Key Concepts and Scope of IFRS 9<br \/>\nDefinition and classification of financial instruments<br \/>\nOverview of IFRS 9&#8217;s three main measurement categories: amortized cost, fair value through other comprehensive income (FVOCI), and fair value through profit or loss (FVTPL)<br \/>\nModule 3: Classification and Measurement of Financial Assets<br \/>\nCriteria for classifying financial assets into different categories<br \/>\nMeasurement of financial assets at amortized cost, FVOCI, and FVTPL<br \/>\nReassessing the business model for managing financial assets<br \/>\nModule 4: Impairment of Financial Assets<br \/>\nIntroduction to the expected credit loss (ECL) model<br \/>\nUnderstanding the three stages of impairment: Stage 1, Stage 2, and Stage 3<br \/>\nCalculation and recognition of credit loss allowances for impaired financial assets<br \/>\nModule 5: Hedge Accounting under IFRS 9<br \/>\nHedge accounting principles and requirements<br \/>\nTypes of hedging relationships and accounting treatments<br \/>\nAssessing hedge effectiveness and documentation requirements<br \/>\nModule 6: Transitioning to IFRS 9<br \/>\nTransition requirements from previous standards (e.g., IAS 39)<br \/>\nRecognizing and measuring cumulative transition adjustments<br \/>\nDisclosures related to the transition to IFRS 9<br \/>\nModule 7: Disclosures and Presentation Requirements<br \/>\nDisclosure requirements for financial instruments under IFRS 9<br \/>\nPresentation of financial instruments in the statement of financial position and comprehensive income<br \/>\nCommunicating significant accounting policies related to financial instruments<br \/>\nModule 8: Interactions with Other IFRS Standards<br \/>\nInteractions with IFRS 7 (financial instruments disclosures) and IFRS 13 (fair value measurement)<br \/>\nRecognition and measurement of embedded derivatives, compound financial instruments, and hybrid contracts<br \/>\nModule 9: Practical Examples and Case Studies &#8211; Part 1<br \/>\nApplication of IFRS 9 principles to real-world scenarios<br \/>\nAnalysis of case studies involving classification, measurement, impairment, and hedge accounting<br \/>\nModule 10: Practical Examples and Case Studies &#8211; Part 2<br \/>\nContinued analysis of complex case studies in IFRS 9<br \/>\nGroup discussions and problem-solving exercises<br \/>\nModule 11: Implementation Challenges and Best Practices<br \/>\nCommon challenges during the implementation of IFRS 9<br \/>\nStrategies for addressing implementation issues and ensuring compliance<br \/>\nLessons learned from early adopters<br \/>\nModule 12: Regulatory Framework and Reporting Requirements<br \/>\nOverview of the regulatory landscape for financial reporting<br \/>\nReporting requirements and disclosures mandated by regulatory bodies<br \/>\nAlignment of IFRS 9 with local regulatory frameworks<br \/>\nModule 13: Emerging Issues and Future Developments<br \/>\nCurrent developments related to IFRS 9<br \/>\nEmerging issues and potential future changes<br \/>\nImplications for financial institutions and financial reporting practices<br \/>\nGeneral Notes:<\/p>\n<ul>\n<li><strong>Customized Training:<\/strong> All our courses can be tailored to meet specific participant needs.<\/li>\n<li><strong>Language:<\/strong> The course is conducted in English.<\/li>\n<li><strong>Comprehensive Learning:<\/strong> 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.<\/li>\n<li><strong>Certification:<\/strong> A certificate of completion will be issued by **Stepsure Training and Research Institute** upon successful completion of the course.<\/li>\n<li><strong>Training Locations:<\/strong> Training is conducted at **Stepsure Training and Research Institute** centers, with options for in-house and online training based on the client&#8217;s schedule.<\/li>\n<li><strong>Duration:<\/strong> The course duration is flexible, with content customizable to fit different timeframes.<\/li>\n<li><strong>Onsite Training Inclusions:<\/strong> 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.<\/li>\n<li><strong>Additional Services:<\/strong> Accommodation, pickup, freight booking, and visa processing can be arranged upon request at discounted rates.<\/li>\n<li><strong>Post-Training Support:<\/strong> We offer one year of free consultation and coaching after the course.<\/li>\n<li><strong>Group Discounts:<\/strong> Register as a group of more than two to receive discounts of up to 50%.<\/li>\n<li><strong>Payment Terms:<\/strong> Payments should be made before the course begins, or as mutually agreed, to ensure effective preparation.<\/li>\n<\/ul>\n<p>Contact Us:<br \/>\nFor inquiries, please contact Stepsure Training and Research Institute:<\/p>\n<p>Email: <a href=\"info@stepsureresearchinstitute.org\">info@stepsureresearchinstitute.org<\/a><br \/>\nPhone: +254 723 482 495<br \/>\nWebsite: <a href=\"https:\/\/stepsureresearchinstitute.org\/stage\/\">www.stepsureresearchinstitute.org<\/a><\/p>\n","protected":false},"featured_media":3996,"parent":0,"template":"","categories":[49],"class_list":["post-3992","course","type-course","status-publish","has-post-thumbnail","hentry","category-practical-skills"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - 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