Afges

Essential of IFRS 9 for banks

Par Afges

Objectifs

  • Defining the main accounting rules defined by IFRS 9 in a bank environment.
  • Being able to understand the main features of the financial statements.
  • Preparing to follow more complex trainings.

Programme

1. SCOPE OF APPLICATION AND FEATURES OF IFRS

  • Aims of the IASB.
  • The choices made by the European Union.
  • The French issue.
  • Situation in Europe and the rest of the world.
  • Overview of published standards.
  • PowerPoint slides.
  • Extracts from bank accounts.

2. FINANCIAL INSTRUMENTS: DEFINITION AND ACCOUNTING PRINCIPLES

  • Defining financial instruments.
  • The various methods:
  • Amortised cost.
  • Fair value.
  • Notion of business model and SPPI test.
  • Summarized overview of IFRS 9.
  • Exercises book:
  • Exercises involving the three accounting methods.

3. NON-DERIVATIVE FINANCIAL INSTRUMENTS

  • Assets at amortized cost:
  • Conditions of classification (business model and SPI test).
  • Accounting schemes.
  • Assets at fair value through OCI:
  • Definition.
  • Accounting schemes.
  • Specific case of assets at fair value through non-recyclable OCI.
  • Assets at fair value through PL:
  • Definition
  • Accounting schemes.
  • Specific issue of the “fair value option”.
  • Notion of “expected loss”.
  • The three buckets of the impairment.
  • Liabilities at amortized cost.
  • Liabilities at fair value:
  • Trading.
  • Fair value option.
  • The specific case of the own credit risk.
  • PowerPoint slides.
  • Exercises book:
  • Assets at amortized cost.
  • Extracts from bank accounts.
  • Assets at fair value through OCI.
  • Extracts from bank accounts.
  • Assets at fair value through PL.
  • Extracts from bank accounts.
  • 12 month expected loss.
  • Expected loss at maturity.
  • Extracts from bank accounts.

4. DERIVATIVE FINANCIAL INSTRUMENTS

  • Trading classification.
  • Many banks keep applying IAS 39 for hedge accounting, as allowed by IFRS 9.
  • Conditions for classifying a derivative as a hedging item.
  • The issue.
  • The three main conditions (under IAS 39).
  • The new conditions under IFRS 9.
  • Fair value hedge:
  • Definition.
  • Accounting schemes.
  • Cash flow hedge :
  • Definition
  • Accounting schemes.
  • PowerPoint slides.
  • Exercises using swaps.
  • Formal presentation.
  • Single-choice quiz.
  • Synthesis.
  • PowerPoint slides.
  • Real example of a fixed-rate loan hedge.
  • Real example of a floating-rate borrowing hedge.
  • Bank accounts.

5. SYNTHESIS AND CONCLUSION

  • Synthesis of the day.
  • Evaluation of training.
  • Questions/answers.
  • Evaluation questionnaire.

Pédagogie

  • PowerPoint documentation.
  • Alternating examples, practical exercises and case studies.
  • Single-choice quiz, synthesis, questions / answers to verify, revise and confirm the experiences.

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