Our IFRS masterclasses
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.
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.
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.
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.
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.