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Zurich – IASeminars Course 1741: IFRS for Banks and Other Financial Institutions (3 days) – Save 40% as IFRSList member

December 13, 2010
December 15, 2010
As IFRSList member you can save 40%. Click "Read more" for more details.
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Click "Read more" for more details, Zurich, Hong Kong

You can save 40% of discount on this course as IFRSList member. Remember to use this special promotion code “LIST40“.

The move to IFRS has had a major impact on the reporting requirements of financial institutions. Moreover, additional changes are on the horizon, as the IASB accelerates its efforts to replace both the accounting and disclosure requirements for financial instruments. Utilizing a highly interactive format, this course provides a comprehensive overview of the effects that the current and impending standards have on the financial statements of financial institutions. In addition, likely changes to IFRS based on the IASB’s technical agenda are reviewed.

This three-day program offers invaluable guidance in meeting current and likely future international accounting rules and disclosure requirements. Coverage includes lending and repossessed assets, accounting implications of regulatory requirements, disclosures, and revenue recognition. The complex requirements of IAS 39 Financial Instruments: Recognition and Measurement are discussed and explained, as well as the new requirements of IFRS 9 Financial Instruments: Classification and Measurement. Numerous examples and illustrations are provided, including application of the effective interest method under various scenarios, retained servicing, loan commitments and financial guarantees, loan impairment and restructurings, and derivatives and hedging. Where applicable, the aforementioned IFRS accounting rules are contrasted with those under other GAAP.

The theory and application of the standards is demonstrated with illustrative examples, complemented by application of the rules in an interactive group environment utilizing case studies, model financial statements, practical exercises and break-out sessions.

This course answers questions such as:

  • What are the current and likely future IFRS reporting requirements for financial institutions?
  • When and how can financial instruments be reclassified?
  • What are the accounting requirements for loan losses, repossessed assets, and fee income?
  • How are effective interest rates calculated for various financial instruments?
  • What rules apply to the recognition, measurement, impairment, and de-recognition of financial instruments?
  • How are the disclosure requirements of IFRS 7 met in actual practice?

You can save 40% of discount on this course as IFRSList member. Remember to use this special promotion code “LIST40“.

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