Overview:

IFRS 9 is the International Financial Reporting Standards (IFRS) that deals with the accounting treatment of financial instruments. The training program IFRS 9 aims to provide participants with an understanding of the standard, its implications, and the practical application of its requirements.

Objectives:

– To understand the scope and application of IFRS 9

– To understand the classification and measurement of financial assets and liabilities

– To understand the impairment methodology

– To understand the disclosure requirements

Course Outline:

Session 1: Introduction to IFRS 9

– Scope and Application

– Key Changes from IAS 39

– Effective Date

Session 2: Classification and Measurement of Financial Assets

– Categories of Financial Assets

– Measurement Methods

– Exceptions and Carve-outs

Session 3: Classification and Measurement of Financial Liabilities

– Categories of Financial Liabilities

– Measurement Methods

– Fair Value Option

Session 4: Impairment Methodology

– Objective of Impairment

– Three-Stage Approach

– Expected Credit Loss Model

Session 5: Disclosure Requirements

– General Disclosures

– Specific Disclosures for Financial Assets and Liabilities

Duration: The program can be scheduled for 5 sessions of 2 hours each. Or design as per need and level of understanding of professionals.

Methodology:

– Interactive lectures to explain the concepts

– Case studies and group activities to encourage participation and application of concepts

– Audio-visual aids to aid comprehension of the topics

– Q&A sessions to clarify doubts and enhance understanding

Conclusion:

Accounting for financial instruments can be complex, and IFRS 9 provides guidance on how to account for them. The training program IFRS 9 aims to provide participants with an understanding of the standard, its implications, and the practical application of its requirements. Through this training program, participants would be able to apply their newly acquired knowledge to their business and ensure compliance with the standard.