UTAP Funding
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.
Applying IFRS 9 to Common Assets Trade receivables including those factoredLoans receivable including intercompanyFixed depositsEquity sharesAdvances and depositsCorporate/Government bonds (including callable and puttable)Assets linked to floating rates Accounting for Expected Losses on Amortised Cost AssetsSimplified Approach:What does it apply to?Building a model Standard ApproachWhat does it apply to?Are there zero risk assets?Using proxies instead of models Hedge Accounting under IFRS 9Cash flow hedge of foreign currency riskDocumentation and how to create the perfect hedgeTesting using the hypothetical derivative methodJournal entries to illustrate the impact Fair value hedge of interest rate riskDocumentation and how to create the perfect hedgeTesting using offset methodJournal entries to illustrate the impact Pre-requisitesPlease take note of the following admission requirements:Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsoryMandatory for video camera to be turned on throughout the courseDisplay your official name (as per NRIC) in Zoom, to facilitate attendance takingTraining MethodologyLecture style with Examples Closing Date for Registration1 week before programme or until full enrolment
Applying IFRS 9 to Common Assets
Accounting for Expected Losses on Amortised Cost Assets
Hedge Accounting under IFRS 9
Pre-requisites
Please take note of the following admission requirements:
Training MethodologyLecture style with Examples Closing Date for Registration1 week before programme or until full enrolment
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.
Category 1 = 7.00 Hours
29 Aug 2024 (9:00 AM - 5:00 PM)
For Members: $ 318.28 For Non-Members: $ 382.59
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
Thomas EganTom is a member of ISCA, as well as ACCA, CPA Australia and is a licensed US CPA. He had served on a number of committees related to accounting standards, financial reporting, and XBRL. He has extensive experience related to accounting for financial instruments gained through the past 18 years in technical accounting roles with a Big 4 firm and an international bank and is currently the accounting advisor to the airline industry for implementation of IFRS 9, Financial Instruments, IFRS 15, Revenue and IFRS 16, Leases. He holds a Masters degree in accounting from the University of Wisconsin - Madison and a Postgraduate Diploma in Strategic Finance from the University of Oxford.
Online Classroom in or outside ofSingapore
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21 May 2024 - 21 May 2024
23 May 2024 - 23 May 2024