This two-day workshop covers considerations on Implementation of IFRS 9 Impairment Requirements by Banks, as proposed in the GPPC Paper issued on 17 June 2016.
Key points covered include:
- The introduction of new requirements for the accounting of expected credit losses (ECL) in IFRS 9. Financial Instruments, for example, will be a significant change for financial institutions when required in 2018.
- The effective implementation of the new standard has the potential to benefit financial institutions. Conversely, a haphazard implementation based on approaches that are not fit for purpose could undermine confidence in the financial results of banks.
- Review of the GPPC Paper through the use of explanations, discussions, case studies and supplementary information. Detailed explanations and examples will be presented by an expert instructor. Each key area will be explained with an example of a sophisticated approach and considerations for a simpler approach.
- Expected credit loss accounting