This one-day training will provide participants with a guide through the IFRS principles dealing with financial instruments. At the end of the session, the participant will not become an in-depth expert in IFRS 9 but it will offer you a good backbone that can be referred to in further exploring/implementing these IFRS principles.  

The objective of the training is to:

• gain insight in the different IFRS standards and principles dealing with measuring & presentation of financial instruments;
• tackle the underlying principles in measuring Financial Assets and Financial Liabilities under IFRS 9: different measurement bases, expected credit loss and hedge accounting;
• clarify how prudential regulation might impact the implementation of IFRS 9 accounting principles;
• deal with how disclosures of Financial Instruments in both Financial and Prudential reporting;
• provide the high level of link between Equity under IFRS and Own Funds under CRR.

CONTENT

Part I

• Introduction and background IFRS accounting & presentation principles on Financial Instruments: overview of relevant IAS & IFRS standards 
• Introduction IFRS 9 Financial Instruments: framing the need for a switch from IAS 39 to IFRS 9
• IFR9’s Classification & Measurement principles on financial assets & financial liabilities
  • How to define the business model for financial instruments 
  • Product characteristics: solely payments of principal and interest against embedded derivatives 
• IFRS 9’s Expected Credit Losses principles
  • From incurred to expected credit losses
  • Introduction of the main concepts of the financial instruments standard on ‘expected credit losses’
  • The three-stage model for impairment 
  • Assessing a significant increase in credit risk 
  • Measuring expected loss: forward looking & scenario 

Part II

• IFRS 9’s Hedge Accounting principles
• IAS 39 Hedge Accounting Principles against FRS 9 Hedge Accounting  
• IFRS 9 Accounting Principles 
• IAS 39 Macro Hedge Accounting 
• Upcoming IFRS 9 Dynamic Hedge Accounting 
• Financial Instruments & Reporting
  • IFRS Disclosures 
  • Prudential Reporting - FinRep 
• Financial Instruments: IFRS against Prudential principles
  • Prudential concept of non-performing, forbearance, default against IFRS 9 impairment 
  • Prudential principles and impact on IFRS 9 ECL modelling 
  • IFRS’ Equity against CRR Own Funds

PRACTICAL INFORMATION

• Duration: 1 day of training (6 class hours)
• Hours: 09:00 to 17:00
• Location: Febelfin Academy: Phoenix building, Koning Albert II-laan/Boulevard du Roi Albert II 19, 1210 Brussels
• Language: This training will be given in English

You follow a ‘Classroom training’ in a group. You, the other participants and the teacher are all present in the same classroom at an agreed time. There is an opportunity for interaction and feedback, both from the participants to the teacher and vice versa. The teaching material consists as a basis of a presentation via the MyFA learning platform, supplemented with various other items (such as digital syllabus, presentation, audiovisual fragments, etc.).

Training material: Powerpoint presentation (in English).

• For those who wish to go beyond the basics
• Learn in a group, in a motivating and targeted way
• Invest together in personal development

• Be on time for the training. It’s best to arrive 10 minutes before it starts.
• Unexpected delay? Inform your on-location contact.
• Febelfin Academy’s reception desk can be reached at +32 (0)2 507 69 61.
• We recommend to review the learning material in advance and prepare your questions.

• To receive your (CPD) participation certificate for a classroom training, your presence and active participation are required throughout the entire session. Interaction is key to our trainings.
• Your (CPD) participation certificate will be published on your MyFA account the day following the course.
• Febelfin Academy wishes you a great learning experience.

The training course can be followed by various target employees of financial institutions as well as insurance companies involved with: 

• IFRS-reporting and/or financial accounting;
• portfolio managers;
• capital management and (financial) strategy departments;
• front-office, back-office, middle-office and risk management;
• asset and liability management, liquidity management;
• project management and system development supporting process related to financial instruments.