Practical Application of IFRS 9

WHY YOU CANNOT MISS THIS EVENT

IFRS 9 is the new accounting standard for financial instruments that will have an impact on international banks and financial institutions worldwide. Numerous changes are in place, designed to make annual reports more meaningful to investors as well as simplify how auditors implement the rules and introduce safeguards to ensure that severe credit crises cannot emerge again.

IAS 39 is to be replaced with a new standard IFRS 9, which removes the restrictions and accounting anomalies contained in IAS 39 improving the reporting standards and transparency. Many of the users of financial statements told the IASB that the requirements in IAS 39 were difficult to understand, apply, and interpret.

IFRS 9 sets out the requirements for recognizing and measuring financial assets, financial liabilities, and some contracts to buy or sell non-financial assets.

This course specifically focuses on the new rules and reporting standards contained in IFRS 9 which is designed for professionals who have experience operating under IAS 39.

TRAINER PROFILE

Juan Carlos Venegas is a highly experienced accountant, certified forensic investigation professional, counter- fraud specialist, and trainer; founder of Fiscal Accounts in 2003 incorporated in 2018, an accountancy firm specialized in taxation (UK/Spain), financial management, budgeting and forecasting, financial reporting and financial planning, and founder of FA Forensics Ltd in 2017, a consultancy firm in the UK specialized in fraud prevention, detection and investigations, and forensic accounting. His clients are companies from different sectors: construction, retail, multimedia, manufacturing, etc. He is also a consultant for the Global Bankers Institute.
He is a Finance Trainer for different international organizations and their clients, including Oil & Gas companies and banks, and he has delivered training in the UK and abroad. Some of the areas of training are Basel III, Financial Risk Management, Forensic Auditing, Fraud Prevention and Detection, Internal Auditing and Internal Controls, Money Laundering, Budgeting and Costing, Financial Management, IFRS, Procurement, Project Finance, Project Management, Banking, Risk Management, Cash Management, and Treasury, Data Analysis, Financial Modelling.
He has trained the Financial Audit Department of Dubai and the State Audit Institution of Oman in Forensic Audit in 2014.

KEY BENEFITS OF ATTENDING

• Examine the role of impairment and hedge accounting
• Identify anomalies and restrictions contained in IAS 39
• Understand how IFRS 9 is developed and implemented in practice
• Identify practical implementation issues together with solutions
• See how the standard can be implemented in practice in a simplified and effective manner.
• A better understanding of hedge accounting requirements
• Compliance with the hedge accounting requirements

WHO SHOULD ATTEND?

• Corporate finance function
• Analysts
• Fund Managers
• Finance, tax managers
• Financial Controllers
• Financial Planners
• Regulators
  • Treasurers/ Forecasting Specialists
• Auditors
• Chief Financial Officers
• Forecasting Specialists
• Tax Directors