IFRS 9 introduces new requirements for how an entity should classify and measure financial assets, replaces the current rules for impairment of financial assets, and amends the requirements for hedge accounting. The standard also requires entities to provide users of financial statements with more informative and relevant disclosures.
This online webinar on the new IFRS 9 will delve into the details of the fundamental changes, with a specific focus on hedge accounting, to enable you to effectively implement the new requirements. IFRS 9 identifies three types of hedging relationships and prescribes special accounting provisions for each: Fair value hedge, Cash flow hedge, and Hedge of a net investment in a foreign operation.
IFRS 9 requires that you be aware of its effect to implement it. Although IFRS 9 is very detailed oriented, you still must know all the areas it covers, You need to know and understand the implications of IFRS 9. Auditors look specifically for the correct application of this standard. It can have a serious impact on some entities, perhaps altering their balance sheet more than they dared to believe. It affects many large entities in the financial industry as well as entities that depend on financial instruments.
IFRS 9 applies in many areas, including such as how financial assets and liabilities are recognized, de-recognized, and valued, as well as imposing substantial disclosure requirements. Auditors need to understand the obligations of IFRS 9, and management has to base decisions on knowledge of this standard to maximize benefits from using financial instruments. In addition, IFRS 9 has specific rules about insurance contracts, which means that the interaction between IFRS 4 and IFRS 9 will have to be considered.
This online CPE webinar covers the following key topics:
Click here for more webinars on accounting
Founder, Mike Morley
Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.
An entertaining and informative speaker and trainer, Mike is the author of:
“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.
“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.
“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
MM
I have whiplash. We sped through this one.
EB
Good examples
CC
presented a lot of detailed information so I am sure I will have to refer back to the presentation material at some point
HG
The instructor is merely reading the accounting standards! No examples to illustrate the topic. The presentation style is boring and instructor lacks enthusiasm in discussing the topics.
MRR
IFRS 9 is such a technical and complex standard, and the trainer was the most monotone, boring presenter I've ever seen. Did not take any questions, read *paragraphs* of text from the slide. Would not recommend.
Access to 13000+ Hours of Continuing Education Approved Content Know More
Subscribe To Access
.webp "Fraud: What to Look For and Where to Look")
-1683306305.webp "Measuring, Reporting and Evaluating ESG Risks and Opportunities")
