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For Banks and Other FIs

Workshop

What's IFRS9?
Why IFRS9?
Course Outlines
Who Should Attend?
Download Brochure
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We introduce this program
exclusively through

Ahmed Ragab Desouky,
CA,CPA,MBA,ESAA

Senior Partner - Bakertilly Egypt

Trainer Bio

What's IFRS9?

 IFRS 9 is the International Accounting Standards Board’s (IASB) response to the financial crisis, aimed at improving the accounting and reporting of financial assets and liabilities. IFRS 9 replaces IAS 39 with a unified standard.

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WhyIFRS9?

 IFRS 9 replaces IAS 39, Financial Instruments – Recognition and Measurement.

It is meant to respond to criticisms that IAS 39 is too complex, inconsistent with the way entities manage their businesses and risks, and defers the recognition of credit losses on loans and receivables until too late in the credit cycle.  The IASB had always intended to reconsider IAS 39, but the financial crisis made this a priority.

The IASB developed IFRS 9 in three phases, dealing separately with the classification and measurement of financial assets, impairment and hedging.

Other aspects of IAS 39, such as scope, recognition, and derecognition of financial assets, have survived with only a few modifications. The IASB released updated versions of IFRS 9 as each phase was completed or amended, and, as each phase was finished, entities had the opportunity of adopting the updated version. The final standard was issued in July, 2014.

Replacing IAS 39 with IFRS 9 will significantly impact banks’ financial statements, the greatest impact being the calculation of impairments:

COURSE OUTLINES

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WHO SHOULD ATTEND?

  • Internal Audit.
  • Internal Control.

Live Classes

Between 6 Hotels at Cairo & Alexandria

  • 12 hrs
  • To Be Announced
  • To Be Announced

Blended Recorded and Virtual

This course can be run virtually online or, tailored e-learning solution

  • 12 hrs
  • 17th Nov
  • Online Delivery
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Run In-House

Enjoy this program at your premise of choice, with lower costs, and schedule that suits you best.


FULLY CUSTOMIZED ACCORDING TO YOUR NEEDS!
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REQUEST A CALL BACK
REGISTER NOW

EDUCATIONAL PARTNER

 
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ACCA - Association of Charted Certified Accountants

ACCA (Association of Chartered Certified Accountants) has a worldwide reputation for excellence and their rigorous qualifications are recognised and respected across the globe. If you join, you become part of diverse body of more than 208,000 members and 503,000 students in 179 countries.

OUR AFFILIATIONS

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