€1,430.93

Bracing for Impact of IFRS 9: Impairment Principles and ECL Framework

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NH Hotel

Mozartova 1

15000 Prague

Czechia

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Key points / questions answered:

  • Who are the wolves waiting for your first impairment figures?
  • Real and fake compliance: What can go wrong?
  • What are the alternative credit risk models for assessing multi-period PDs?
  • How to transition from Through-the-Cycle PDs to Point-in-Time PDs?
  • How to make credit risk parameters sensitive to economic cycles?
  • What are the good questions to ask now?
  • How to assess your priorities?

The purpose of this seminar is to understand and improve your mechanism of impairment as required by IFRS 9, the new accounting standard for financial instruments, in effect from January 1st, 2018.

Because it includes revolutionary new features, extensive post-deadline work will be needed to reach full compliance. These features include expected credit losses over the lifetime of transactions, integration of a forward-looking stance and numerous judgmental calls.

We start with a brief history of accounting, the creations of the International Accounting Standard Board, the International Financial Reporting Standards, IAS 39 and finally IFRS 9. This will give you the historical roots and intentions that led to IFRS 9.

Then we review IFRS 9 phase 1 “Classification and Measurement” in order to carefully position the impairment process, or IFRS phase 2, in its alignment. We are now ready to uncover Phase 2 objectives, perimeter of application and major characteristics.

Phase 2, impairment, is the answer by the IASB to the concern raised by the G-20, that the credit provisioning approach in force during the crisis was “too little, too late”. And the new Expected Credit Loss model for the recognition and measurement of impairments does address this concern by accelerating the recognition of losses through powerful new principles.

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Location

NH Hotel

Mozartova 1

15000 Prague

Czechia

View Map

Refund Policy

No Refunds

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