Course details
From 1 January 2018 companies applying IFRS will be required to adopt IFRS 9, an accounting standard which has taken nearly ten years from first draft to implementation, returns to a more prudent approach to impairment with the expected loss model, a business model test for classification and a relaxation of many of the prohibitively complex hedging rules from its predecessor IAS 39. Whilst the financial services sector will see the most significant impact, IFRS 9 implementation will have a significant impact on the all companies with most commentators saying that IFRS 9 is good for corporates. Find out why.
By the end of this course, delegates will understand the following:
- How to classify and measure financial assets and liabilities under the new approach and the changes from IAS 39
- How the expected loss model for financial asset impairments is applied, the exemptions and simplifications available to corporates
- Changes to the restrictions contained in IAS 39 for the use of hedge accounting
- The impact on disclosures and the link with fair value accounting under IFRS 13
- Practical implementation issues and solutions
This workshop is ideal for finance professionals in all sectors, especially financial services and qualifies for CPD/CPE credits
Updated on 21 May, 2019About PwC's Academy
PwC Academy is the educational business of the global organisation PricewaterhouseCoopers (PwC). Our goal is to give people greater knowledge, competence and expertise in finance and business. Our foundation is our team of expert professionals, who convey their wealth of knowledge and the practical experience they have gained within leading organisations around the world.
We offer a variety of training courses covering professional qualifications, financial competencies, and management skills. The courses are based on both the individual experiences of our experts and the best practices of PwC Global. We constantly adapt our courses to meet the needs of modern business and tailor them to our client’s requirements. PwC’s Academies in the Middle East are part of PwC’s growing network of Academies which are present in over 30 countries worldwide. Through the network of PwC’s Academies we continually exchange best practices and successful methodologies to ensure that we are consistently providing industry leading training programmes.
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