An Introduction to IFRS 9
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|Presenter:||Mr Tristan White|
|CPD Hours:||Attending the course and successfully completing the post-assessment, will grant you 3 hour/s verifiable CPD, recognised by the various professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the CPD certificate will only be issued once the post-assessment has been completed.|
|Platform:||Web Based (Online)|
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The problem with IFRS 9 is that many accounting professionals believe that IFRS 9 does not affect their company. “Our company doesn’t make use of financial instruments -- we are a manufacturing entity, so this is not a cause for concern?” Well, that is not entirely true. Do you / your entity sell or buy on credit? That means you hold a financial instrument in the form of a trade receivable or payable. Thereby, IFRS 9 will apply to you. 1 January 2018 marks the date that IFRS 9 becomes fully effective. All public companies and companies with a sufficiently high Public Interest Score are now required to apply IFRS 9.
Break down IFRS 9 to help professionals better understand what is required of them when accounting for financial instrument transactions and preparation of financial statements, and thereby overcoming the fear and uncertainty that IFRS 9 brings.
This session provides a high-level overview of the following aspects of IFRS 9 Financial Instruments: - Recognition - Classification of financial instruments - Measurement - Impairment - Hedge Accounting - Derecognition Definitions and disclosure requirements largely form part of other Financial Instruments standards within IFRS, i.e. IAS 32 and IFRS 7. These standards will only briefly be looked at.
• Accounting professionals • Financial statement preparers • Consultants • Auditors