Course Summary:

Magna Skills presents the IFRS 9 - Financial Instruments Basics to Expert course, designed to provide a comprehensive understanding of International Financial Reporting Standard (IFRS) 9 and its implications for financial instruments accounting. This dynamic course covers essential concepts, practical applications, and advanced techniques, catering to individuals seeking to enhance their proficiency in IFRS 9 from basic principles to expert level.

Course Objectives:

Upon completion of the course, participants will:

1. Fundamentals of IFRS 9:

   • Understand the key principles and objectives of IFRS 9.
   • Grasp the classification and measurement of financial instruments under IFRS 9.

2. Impairment and Expected Credit Loss (ECL) Modeling:

   • Learn the principles of impairment and expected credit loss (ECL) modeling.
   • Understand the application of ECL models and provisioning requirements.

3. Hedge Accounting under IFRS 9:

   • Gain insights into hedge accounting principles and requirements.
   • Learn advanced hedge accounting strategies and techniques.

4. Financial Instruments Disclosures:

   • Understand the disclosure requirements for financial instruments under IFRS 9.
   • Develop skills in preparing comprehensive financial instruments disclosures.

5. Application and Implementation Challenges:

   • Explore practical challenges in implementing IFRS 9.
   • Learn strategies for overcoming implementation hurdles and ensuring compliance.

Course Outline

Module 1: Introduction to IFRS 9 - Financial Instruments

• Overview of IFRS 9 and its objectives
• Classification and measurement of financial instruments

Module 2: Expected Credit Loss (ECL) Modeling

• Principles of impairment and expected credit loss (ECL) modeling
• Application of ECL models and provisioning requirements

Module 3: Hedge Accounting under IFRS 9

• Hedge accounting principles and requirements
• Advanced hedge accounting strategies and techniques

Module 4: Financial Instruments Disclosures

• Disclosure requirements for financial instruments under IFRS 9
• Preparation of comprehensive financial instruments disclosures

Module 5: Implementation Challenges and Strategies

• Practical challenges in implementing IFRS 9
• Strategies for overcoming implementation hurdles and ensuring compliance

Module 6: Case Studies in IFRS 9 Implementation

• Analysis of real-world case studies in IFRS 9 implementation
• Application of IFRS 9 principles to practical scenarios

Module 7: Advanced Topics in IFRS 9

• Exploration of advanced topics and emerging trends in IFRS 9
• Discussion of current issues and developments in financial instruments accounting

Module 8: Regulatory Updates and Compliance

• Overview of regulatory updates and developments related to IFRS 9
• Ensuring compliance with regulatory requirements and reporting standards

Module 9: Practical Applications and Exercises

• Hands-on exercises and practical applications of IFRS 9 principles
• Interactive discussions and group activities to reinforce learning

Module 10: Expert Insights and Q&A Session - Expert insights and tips for mastering IFRS 9 concepts - Question and answer session to address participants' queries and concerns

This course is suitable for finance professionals, accounting practitioners, auditors, and individuals involved in financial reporting and analysis. Through a blend of theoretical knowledge, practical applications, and expert insights, participants will enhance their proficiency in IFRS 9 - Financial Instruments from basics to expert level, enabling them to navigate complex financial instruments accounting with confidence and precision.