IFRS 9 Training Course

IAS 32, IFRS 13 & IFRS 9

The IFRS 9 online course by Ed-Watch will focus on knowledge and applications of vital concepts and principles of IFRS Standards across an extensive range of accounting standards. IFRS 9 course is for graduates, post-graduates, accountants, finance managers, internal auditors, risk managers and portfolio managers. IFRS 9 certification will open up new career opportunities, upskill, and increase chances of promotion. 

IFRS-9 is one of the major developments in accounting standards in recent years. The new standard is based on a forward-looking approach as opposed to previous practices of the “loss incurred” approach to account for losses on financial instruments. 

With this training, you will never need to depend on a risk modeling expert for your calculation.

Course Coverage:

Why did IFRS 9 replace IAS 39?

  • Important definitions under IAS 32
  • Understanding Credit Risk
  • Classification of financial assets using the SPPI model
  • Measurement of financial assets and liabilities (Amortized cost & Fair value measurement under IFRS 13)
  • De-recognition principles
  • Impairment
  • Staging under IFRS 9
  • Expected Credit Loss Calculation
  • Evaluating Risk Factors to be incorporated
  • Analyzing the challenges and the Financial Impact of IFRS 9 implementation
  • Role of Finance, Risk, and Internal Audit in implementing IFRS 9 and the way forward

Objective:

  • Comprehend the principles of initial and subsequent measurement of financial assets and liabilities.
  • Explain the scope and objectives of IFRS 9.
  • Stay informed about recent updates and amendments to IFRS 9
  • Analyze and apply IFRS 9 to real-world scenarios and case studies.
  • Differentiate between financial assets and financial liabilities.

Methadology:

The program will be highly interactive, with opportunities to advance opinions and ideas. Participation is encouraged in a supportive environment. To ensure the concepts introduced during the program are understood, they will be reinforced through a mix of learning methods, including lecture style presentation, open discussion, case studies, exercises, and group work.

Course Coverage:

  1. Why IFRS 9 replaced IAS 39?
  2. Important definitions under IAS 32
  3. Business Model test
  4. Classification of financial assets using SPPI Test
  5. Assignment no. 1: Classification under IFRS 9
  6. Fair value measurement under IFRS 13
  7. Measurement of financial assets and liabilities at Amortized cost
  8. Assignment no. 2: Measurement under IFRS 9
  • Understanding Credit Risk
  • Impairment of financial instruments
  • Calculating ECL using the simplified approach
  • Assignment no. 3: ECL under simplified approach
  • ECL using Credit adjusted approach
  • Assignment no. 4: ECL under credit adjusted approach
  • ECL using the General Approach
  • Staging and indicators of increase in significant risk
  • ECL model: Exposure at default
  • Assignment no. 5: EAD calculation
  • ECL model: Effective interest rate
  • Assignment no. 6: EIL calculation
  • ECL model: Loss given default
  • Assignment no. 7: LGD calculation
  • ECL model: Probability of default for corporate customers
  • Assignment no. 8: PD calculation 1
  • ECL model: Probability of default for retail clients
  • Assignment no. 9: PD calculation 2
  • Challenges for finance and audit professionals
  • Presentation of financial instruments
  • De-recognition principles

Credit Hours

16 Hours for In-Person

Delivery Channel

Virtual/ live classes

Date and Time

11 & 12 September 2024

Certificate

Certificate Program

Difficulty

Beginner to Expert

Participants:

  • Heads of Finance
  • Management Accountants
  • Financial Reporting Managers
  • Credit Risk Analysts
  • Internal Auditors
  • Financial Analysts

Date, Time & Delivery:

  • Two days In-person training program.
  • Timing 9:00 AM – 5:00 PM (GMT+5)
  • 16 Credit Hours Training

Certificate:

Participants will receive a successful course completion certificate. 

Survey:

At the end of each Program we carry out a survey to ensure our participants receive the best of our services.

Trainer:

SANA QUADRI

IFRS Expert l Financial Storyteller l Digital Enthusiast

Financial leader and digital champion, Ms. Sana boasts over 15+ years of experience driving process improvement and innovation. As a seasoned finance expert, she’s held senior roles at renowned institutions like Telenor Microfinance Bank (Director of Financial Reporting) and Lakson Investments & Next Capital (CFO). Throughout her career, she’s tackled diverse projects in the financial services industry, notably in digital transformation of finance function, internal controls over financial reporting, bookkeeping structure for core banking, corporate governance and IFRS implementation (16, 9, 15).

Leveraging her deep accounting and finance expertise, Ms. Sana has evolved into a sought-after trainer, empowering others through her knowledge of IFRSs, Financial Reporting & Analysis, and Financial Storytelling. Her “IFRS Practical Issues Series” program provides a platform for accountants to learn and collaborate on real-world challenges.

Recognizing the ever-growing need for digital skills, Ms. Sana embraced her entrepreneurial spirit and founded Ed-Watch. This initiative prioritizes equipping individuals and organizations with the skills needed to thrive in the digital age.

Her commitment extends beyond the corporate world. As a Chartered Accountant (PwC alumna), Ms. Sana champions inclusivity. She led the development of ICAP’s “Women Inclusion Guidelines” and actively participates in committees like “Economic Advisory & Government Relations” and “Women’s Committee.” Her research on “Increasing the tax net in Pakistan” was published in “The Pakistan Accountant” under the title “Time to tackle taxation Jams.”

Ms. Sana currently wears two hats: CEO of Ed-Watch and financial consultant/ controller at HugoBank, one of Pakistan’s pioneering digital banks. Established by the prominent global players GETZ and Atlas, HugoBank leverages their extensive experience and resources. At Hugo Bank, she’s building the financial foundation, paving the way for growth and success in this innovative landscape.