The trainer has 15 years of experience in accounting and investment banking at leading firms and is an experienced financial trainer who has delivered courses for financial institutions in the City of London and around the world, in the areas of Corporate Finance, Valuation (Industrials and Banks), Financial Modelling, M&A, LBO, Financial Accounting, Capital Markets, Bank Regulatory Capital, Financial Risks, both in English and French.
Case Study #1: participants will be presented with a few financial instruments and will classify them in their relevant categories
Case Study #2: participants will compute on Excel the impact on balance and P&L for different types of debt & equity instruments
Case Study #3: participants will assess a credit deterioration on a financial instrument and book an impairment based its expected future losses
Case Study #4: participants will assess the impact on credit deterioration on institutions’ own bonds
Case Study #5: participants will classify a few hedging transactions in their relevant categories
Case Study #6: participants will value an interest rate swap accounted for as a cash flow hedge
Case Study #7: participants will review and assess different hedge scenarios including risk component hedging, aggregate exposures and net position
International Financial Reporting Standard 9 (“IFRS 9”) is the accounting standard for financial instruments, which defines the classification, measurements and impairment of financial instruments. It is designed to make annual reports more meaningful to investors as well as simplify how auditors implement the rules and introduce safeguards to limit credit losses.
In July 2014, after several years of delay, the accounting regulators published the final text of IFRS 9. This combines revised versions of previously published sections with the first publication of the final and most controversial impairment section.
IFRS 9 will become effective in 2018 but is already widely reported in annual accounts of financial institutions and corporate worldwide.
Through a mix of lecture and case studies, the workshop will equip participants to achieve a detailed understanding of the latest IFRS 9 standard, both for financial assets, liabilities and derivatives, including:
Participants will be required to bring a laptop to the course with that model loaded.