Course Detail(A194ET : FRS 109 Financial instruments: A practical approach)

A194ET : FRS 109 Financial instruments: A practical approach

7.00 CPE Hours (Category 1)
Classroom
In Collaboration with:  


Programme Objective
Provides an in-depth understanding of the new IFRS 9 requirements, potential impacts to your financial statements and how it should be addressed.

Programme Outline

The IASB published the complete version of IFRS 9, ‘Financial instruments’, which replaces most of the guidance in IAS 39. This includes amended guidance for the classification and measurement of financial assets by introducing a fair value through other comprehensive income category for certain debt instruments. It also contains a new impairment model which will result in earlier recognition of losses.
 
This full day workshop provides insights and practical tools to increase the participant’s understanding of the new requirements in IFRS 9. Learning is achieved via theory and examples from our experience advising companies on changes required in order to meet the IFRS 9 requirements. Additionally, participants will gain insights into real world examples, common issues and pitfalls from experienced professionals who are practicing in PwC.
 
By the end of the course, participants should have an in-depth understanding of the IFRS 9 requirements and the impact of the changes to their financial statements.
 
Workshop Agenda: 

  • Learn the new IFRS 9 requirements, and how they are different from the principles in IAS 39 
  • Practical application of the new classification and measurement under FRS 109
  • How the new requirements will affect your financial position, profitability and capital requirements
  • Practical insights: How the new requirements will simplify your hedge accounting and minimize volatility to P&L?
  • Common challenges experienced by companies and the latest updates on implementation of IFRS 9
 
Training Methodology
Classroom style with quizzes.
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

Finance professionals (Accounting, Reporting), CFO, Controllers, Finance Managers

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees

Date & Time

15 Sep 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 550.00
For Non-Members: $ 630.00

Programme Facilitator(s)

Daniel Benzing
Senthilnathan Sampath

Venue

Marina One, 7 Straits View,
East Tower,
Singapore 018936

Date & Time

24 Sep 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Senthilnathan Sampath
Daniel Benzing

Date & Time

17 Apr 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Daniel Benzing
Senthilnathan Sampath

Date & Time

26 Sep 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Senthilnathan Sampath
Julia Chan
Fong Chee Kang

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Senthilnathan Sampath
Managing Director
 
Senthil is a Managing Director from the Accounting Advisory Services in PwC Singapore with 16 years working experience. He has extensive practical experience across complex IFRS financial reporting. He specializes in GAAP conversions and technical accounting advice and has worked on accounting conversions with various corporate and financial institutions in Asia, Middle East and United Kingdom.
 
He serves as the key technical director for a number of assurance engagements in the financial services sectors: banks, insurance companies and fund managers. He also performs various training on current accounting topics, and has experience designing and managing highly participative programs on IFRS training.
 

Fong Chee Kang
Manager, PwC Singapore


Chee Kang is a Manager from the Accounting Advisory Services in PwC Singapore with over 9 years working experience. He has spent 4 years treasury audit for financial institutions and 3 years in a bank as treasury product controller.  He has participated in a broad range of advisory initiatives with regards to Treasury and Foreign Exchange (FX).

Chee Kang is currently leading the IFRS 9 implementation of major local bank and Japanese bank. He has conducted several IFRS 9 workshops in Singapore and Hong Kong. He has performed audit of financial instruments’ accounting on various financial instrument, including FX derivatives, interest rate derivatives, debt instruments, structured products and money market products. He also has experience in reviewing hedge designation, hedging documentation, hedge effectiveness tests and its accounting impacts.

 

Julia Chan
Manager, PwC Singapore


Julia is a Manager from the Accounting Advisory services group in Singapore. She specializes in advisory for banking and capital markets clients and has five years of experience working with an array of financial institutions including banks, insurance companies, pensions and hedge funds. Julia has been a core member of various IFRS 9 implementation projects both in Singapore and Toronto, and is a member of PwC’s Canadian Financial Instruments topic team.

Julia is a core team member in helping large banks with IFRS 9 impairment workshops and drafting position papers to summarize PwC’s recommendations for the key decision points covering all major areas required to implement IFRS9 compliant expected credit loss calculations.

Prior to her time in advisory, Julia was the lead senior for several financial institution audits in Toronto. She also completed a six month secondment to the PwC New York office leading one of New York’s largest hedge fund management company audits.

Daniel Benzing
Manager
 
Daniel is a Manager from the Accounting Advisory services group in PwC Singapore with over 7 years working experience, specialising in the financial services sector.
 
Daniel has been actively involved in providing accounting support on the implementation of various IFRSs to financial institutions, including IFRS 9, IAS 39 and IFRS 1. Daniel’s roles on implementation projects include project management roles, technical accounting advice, facilitating trainings, data analysis, and process and system gaps for IFRS reporting.
 
Prior to the Accounting Advisory role, Daniel worked on various audit engagements in the financial services sector. Daniel led audit teams and specialised in credit processes, risk models, Basel III capital adequacy and regulatory reporting (IRB and non-IRB banks), IAS 39 and IAS 39 related areas.
 


Programme Objective
Provides an in-depth understanding of the new IFRS 9 requirements, potential impacts to your financial statements and how it should be addressed.

Programme Outline

The IASB published the complete version of IFRS 9, ‘Financial instruments’, which replaces most of the guidance in IAS 39. This includes amended guidance for the classification and measurement of financial assets by introducing a fair value through other comprehensive income category for certain debt instruments. It also contains a new impairment model which will result in earlier recognition of losses.
 
This full day workshop provides insights and practical tools to increase the participant’s understanding of the new requirements in IFRS 9. Learning is achieved via theory and examples from our experience advising companies on changes required in order to meet the IFRS 9 requirements. Additionally, participants will gain insights into real world examples, common issues and pitfalls from experienced professionals who are practicing in PwC.
 
By the end of the course, participants should have an in-depth understanding of the IFRS 9 requirements and the impact of the changes to their financial statements.
 
Workshop Agenda: 

  • Learn the new IFRS 9 requirements, and how they are different from the principles in IAS 39 
  • Practical application of the new classification and measurement under FRS 109
  • How the new requirements will affect your financial position, profitability and capital requirements
  • Practical insights: How the new requirements will simplify your hedge accounting and minimize volatility to P&L?
  • Common challenges experienced by companies and the latest updates on implementation of IFRS 9
 
Training Methodology
Classroom style with quizzes.
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

Finance professionals (Accounting, Reporting), CFO, Controllers, Finance Managers

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Senthilnathan Sampath
Managing Director
 
Senthil is a Managing Director from the Accounting Advisory Services in PwC Singapore with 16 years working experience. He has extensive practical experience across complex IFRS financial reporting. He specializes in GAAP conversions and technical accounting advice and has worked on accounting conversions with various corporate and financial institutions in Asia, Middle East and United Kingdom.
 
He serves as the key technical director for a number of assurance engagements in the financial services sectors: banks, insurance companies and fund managers. He also performs various training on current accounting topics, and has experience designing and managing highly participative programs on IFRS training.
 
Fong Chee Kang
Manager, PwC Singapore


Chee Kang is a Manager from the Accounting Advisory Services in PwC Singapore with over 9 years working experience. He has spent 4 years treasury audit for financial institutions and 3 years in a bank as treasury product controller.  He has participated in a broad range of advisory initiatives with regards to Treasury and Foreign Exchange (FX).

Chee Kang is currently leading the IFRS 9 implementation of major local bank and Japanese bank. He has conducted several IFRS 9 workshops in Singapore and Hong Kong. He has performed audit of financial instruments’ accounting on various financial instrument, including FX derivatives, interest rate derivatives, debt instruments, structured products and money market products. He also has experience in reviewing hedge designation, hedging documentation, hedge effectiveness tests and its accounting impacts.

 
Julia Chan
Manager, PwC Singapore


Julia is a Manager from the Accounting Advisory services group in Singapore. She specializes in advisory for banking and capital markets clients and has five years of experience working with an array of financial institutions including banks, insurance companies, pensions and hedge funds. Julia has been a core member of various IFRS 9 implementation projects both in Singapore and Toronto, and is a member of PwC’s Canadian Financial Instruments topic team.

Julia is a core team member in helping large banks with IFRS 9 impairment workshops and drafting position papers to summarize PwC’s recommendations for the key decision points covering all major areas required to implement IFRS9 compliant expected credit loss calculations.

Prior to her time in advisory, Julia was the lead senior for several financial institution audits in Toronto. She also completed a six month secondment to the PwC New York office leading one of New York’s largest hedge fund management company audits.
Daniel Benzing
Manager
 
Daniel is a Manager from the Accounting Advisory services group in PwC Singapore with over 7 years working experience, specialising in the financial services sector.
 
Daniel has been actively involved in providing accounting support on the implementation of various IFRSs to financial institutions, including IFRS 9, IAS 39 and IFRS 1. Daniel’s roles on implementation projects include project management roles, technical accounting advice, facilitating trainings, data analysis, and process and system gaps for IFRS reporting.
 
Prior to the Accounting Advisory role, Daniel worked on various audit engagements in the financial services sector. Daniel led audit teams and specialised in credit processes, risk models, Basel III capital adequacy and regulatory reporting (IRB and non-IRB banks), IAS 39 and IAS 39 related areas.
 

Upcoming Schedule

Date & Time

15 Sep 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 550.00
For Non-Members: $ 630.00

Programme Facilitator(s)

Daniel Benzing
Senthilnathan Sampath

Venue

Marina One, 7 Straits View,
East Tower,
Singapore 018936