IFRS 9: Financial instruments and hedge accounting

Putting IFRS into practice

Understanding accounting standards is one thing, applying them in practice can be complex. Especially if your company is involved in complex transactions, applying IFRS can be challenging. The training courses of the Academy are designed to help you take on this challenge and provide you with the insights that you require to successfully apply IFRS in practice.

Update and increase your accounting knowledge efficiently by attending our IFRS masterclasses. We offer concise, practical, high quality, accredited training courses. Recent developments and examples from our daily practice are part of the programme. All our instructors have extensive experience in the practical application of IFRS and enable you to implement them in your organisation. The use of these practice-hardened instructors also ensures that our training courses remain up to date and cover the recent and upcoming developments in IFRS.

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Our IFRS masterclasses

  1. IFRS 15 
  2. IFRS 16
  3. IFRS 9

The subjects covered include in particular the new standards almost all of the topics that companies encounter when applying IFRS. They range for example from revenue from contracts with customers to specific accounting rules related to financial instruments and consolidation. You may subscribe to masterclasses or to separate masterclasses you deem relevant.

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IFRS 9: Financial instruments and hedge accounting

Before the classroomsession participants receive an e-learn: IFRS 9 for corporates:
Upon completion of this module you will be able to indicate that an instrument is in the scope of the IFRS 9 standard, define business model of an instrument, decide whether an instrument meets SPPI test, apply recognition and measurement rules based on classification, and define relevant pattern to calculate expected credit loss on financial assets.

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Financial instruments and hedge accounting

This masterclass concerns a full day of financial instruments. In the morning part the basic principles will be discussed. This will include the relevant definitions and the classification and measurement of financial instruments. After that the measurement principles fair value and amortised cost will be discussed. The morning session will be closed with IFRS 9 impairments.

The afternoon session will further build on the basic as discussed in the morning. Accounting for derivatives will be the main topic of this session, including embedded derivatives and hedge accounting. The detailed IFRS 9 hedge accounting requirements will be set out by the use of comprehensive examples. We will end the afternoon session by discussing two hot topics, i.e. accounting for refinancings and (reverse) factoring.

 

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For whom?

The IFRS masterclasses are for professionals with a background in finance and who work in an accounting, reporting and/or controlling role and for everyone else who is interested in the practical application of IFRS. Basic accounting knowledge and experience is required to use the knowledge offered during these masterclasses to its utmost.

 

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Who are the trainers?

The trainers are professionals and members of the PwC Capital Markets and Accounting Advisory Services (CMAAS) group who use the IFRS standards assisting clients with IFRS transitions and/or complex IFRS accounting topics on a daily basis.

 

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Date

  • 5 november 2019 

Location

PwC Amsterdam
Thomas R. Malthusstraat 5
1066 JR Amsterdam

Costs

The price for attending this training session amounts to € 595,- exempt from VAT. No other discounts apply to these costs. This amount includes course material, lunch and complementary drinks.

Programme

This course will be given in English.

09:00 Introduction
09:15 Classification and measurement
10:15 Break
10:30 Fair value and amortised cost
11:15 IFRS 9 Impairment
12:30 Lunch
13:30 (Embedded) derivatives
14:00 Hedge accounting (Part 1)
15:00 Break
15:15 Hedge accounting (Part 2)
16:00 Refinancing or restructuring of loans
16:30 (Reverse) factoring
17:00 Drinks

PE hours Accountants

The training courses of the Academy meet the requirements for Permanent Education of the NBA. By completing a masterclass, accountants (AA and RA) receive 7 PE hours. The certificate of attendance will be provided within 4 weeks after a masterclass.

PE points RC’s

By completing a masterclass, registered controllers receive 7 PE points. The certificate of attendance will be provided within 4 weeks after a masterclass.

Participation

Upon receipt of your registration we will send you a confirmation with additional information about the training session. Please note that the number of available places is limited. We therefore advise you to apply as soon as possible. If you are unable to attend, a colleague can take your place. If this is the case, please inform us by sending an e-mail to pwc-academy@nl.pwc.com.

Contact

PwC's Academy

Onderdeel van/Part of, PwC Netherlands

Tel: +31 (0)88 792 86 70

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