Accounting for Financial Instruments under IFRS 9

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Anyone interested in developments in IFRS accounting standards for banks and current projects.
Statutory Auditors and their staff.

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Good knowledge of IFRS

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Understanding the challenges of IFRS 9.
Learn specific vocabulary.
Mastering IFRS 9 accounting principles.
It should be noted that most credit institutions continue to apply IAS 39 for hedge accounting. The IFRS 9 rules on hedge accounting will therefore be discussed only briefly.

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Part 1. Introduction

Explain the regulatory environment.
Accounting issues:
- Amortised cost.
- Fair value.
- Depreciation

Part 2. IFRS 9: Classification and measurement of Financial Instruments The new asset categories defined by IFRS 9:

The portfolio at amortised cost:
- Business model test.
- Basic or non-basic instrument (SPPI test on the characteristics of the financial instrument).
The portfolio at fair value through profit or loss.
The portfolio at fair value through recyclable OCI.
The portfolio at fair value per OCI is not recyclable.
Upgrades:
- Summary of the transition from the old categories to the new ones.
The various portfolios on the liabilities side:
- Liabilities measured at amortised cost.
- Trading activities.
- The various “fair value options”.
- Own credit risk.
The format of banks' financial statements under IFRS 9 (ANC 2017-02).

Part 3. IFRS 9: Impairment of Financial Assets

The weaknesses of the current system.
The expected loss model vs. the actual loss model.
The concepts of expected losses (EL) 12 months and at maturity.
The three credit risk assessment portfolios.
The specific case of impairment of the portfolio at fair value by recyclable OCI.

Part 4. IFRS 9: Hedge Accounting

Designation of hedging instruments.
Definition of items covered.
The new conditions for qualifying hedging transactions:
- Economic link.
- Virtually no credit risk.
- Coverage ratio.
Discussion paper on macro-hedging.

Part 5. Other Topical Issues