Course Detail()
Not Available

UTAP Funding

7.00 CPE Hours (Category 1, Category 2, Category 3, Category 4, Others)
Live Webinar

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Programme Objective
 
IFRS 9/FRS 109 has been effective from January 1, 2018 and continues to present challenges in relation to the implementation of this standard. The seminar will not broadly cover the fundamentals of IFRS 9/FRS 109, but rather focus on post implementation issues being raised in practice
 
This seminar will focus on issues that are emerging in the post implementation period in relation to critical concepts including how the expected loss model is to be applied to non-financial institution credit exposures, changes to the hedge accounting requirements and how to account for the financial instruments that are common to corporates and SMEs.

Programme Outline

 
Applying IFRS 9 to Common Assets

  • Trade receivables including those factored
  • Loans receivable including intercompany
  • Fixed deposits
  • Equity shares
  • Advances and deposits
  • Corporate/Government bonds (including callable and puttable)
  • Assets linked to floating rates

 
Accounting for Expected Losses on Amortised Cost Assets

Simplified Approach:
  • What does it apply to?
  • Building a model

 

Standard Approach
  • What does it apply to?
  • Are there zero risk assets?
  • Using proxies instead of models

 
Hedge Accounting under IFRS 9

Cash flow hedge of foreign currency risk
  • Documentation and how to create the perfect hedge
  • Testing using the hypothetical derivative method
  • Journal entries to illustrate the impact

 

Fair value hedge of interest rate risk
  • Documentation and how to create the perfect hedge
  • Testing using offset method
  • Journal entries to illustrate the impact

 

Pre-requisites

Please take note of the following admission requirements:

  • Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
  • Mandatory for video camera to be turned on throughout the course
  • Display your official name (as per NRIC) in Zoom, to facilitate attendance taking


Training Methodology
Lecture style with Examples
 

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

An Intermediate to Advanced programme for accounting and finance professionals. Those who are keen on attending a course on accounting for financial instruments are welcome to attend.

Schedule & Fees

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

To find out more on the UTAP funding and support validity period please click here.

Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

Programme Facilitator(s)

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Programme Objective
 
IFRS 9/FRS 109 has been effective from January 1, 2018 and continues to present challenges in relation to the implementation of this standard. The seminar will not broadly cover the fundamentals of IFRS 9/FRS 109, but rather focus on post implementation issues being raised in practice
 
This seminar will focus on issues that are emerging in the post implementation period in relation to critical concepts including how the expected loss model is to be applied to non-financial institution credit exposures, changes to the hedge accounting requirements and how to account for the financial instruments that are common to corporates and SMEs.

Programme Outline

 
Applying IFRS 9 to Common Assets

  • Trade receivables including those factored
  • Loans receivable including intercompany
  • Fixed deposits
  • Equity shares
  • Advances and deposits
  • Corporate/Government bonds (including callable and puttable)
  • Assets linked to floating rates

 
Accounting for Expected Losses on Amortised Cost Assets

Simplified Approach:
  • What does it apply to?
  • Building a model

 

Standard Approach
  • What does it apply to?
  • Are there zero risk assets?
  • Using proxies instead of models

 
Hedge Accounting under IFRS 9

Cash flow hedge of foreign currency risk
  • Documentation and how to create the perfect hedge
  • Testing using the hypothetical derivative method
  • Journal entries to illustrate the impact

 

Fair value hedge of interest rate risk
  • Documentation and how to create the perfect hedge
  • Testing using offset method
  • Journal entries to illustrate the impact

 

Pre-requisites

Please take note of the following admission requirements:

  • Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
  • Mandatory for video camera to be turned on throughout the course
  • Display your official name (as per NRIC) in Zoom, to facilitate attendance taking


Training Methodology
Lecture style with Examples
 

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

An Intermediate to Advanced programme for accounting and finance professionals. Those who are keen on attending a course on accounting for financial instruments are welcome to attend.

Programme Facilitator(s)


No course instances or course instance sessions available.