The latest IFRS 9 and IFRS
16 Standards - Including
Financial Impairment Assets
05 – 09 May 2025
Sandton Centre, Johannesburg South Africa
Register Now! Limited Seats Available!
Course overview:
The masterclass equips attendees with detailed understanding of the latest IFRS 9 and IFRS 16 standards, including financial Impairment assets, liabilities and derivatives. Attendees will know the potential impacts to the financial statements and how it should be addressed. Furthermore, attendees will gain insights with real world case studies, common issues faced and pitfalls to avoid.
IFRS 9 has been an area of attention since the beginning, not just for banks but broadly for most entities including corporates due to its complexity, significant involvement of specialists and actuarial assumptions. The standard is still a matter of concern and a hot topic that takes a lot of time and effort especially around classification and measurement of financial assets and the ECL requirements of debt instruments. It is also an area of attention by regulators such as the Bank of Mauritius, FRC and SEM. The training will allow enhanced interpretation and analytical skills on the results of IFRS 9 ECL models as well as considerations around classification and measurement.
Since it became effective, IFRS 16 is still an area of focus for preparers of financial statements. The standard is still being considered as new. There are a number of specific areas relating to the continuous application of IFRS 16 and these require specific attention and considerations such as the determination of lease term, discount rate, lease payments, perpetual leases, etc. Particular attention is required when it comes to subsequent measurement and how to account for them. Whether these are lease reassessment and lease modifications and also what to do when the leases come to term and are being used thereafter. This will also cover the update that is coming up in the standard. The successful completion of the training will permit expertise in the field. It will provide a good grasp on the concepts for initial application of the standard and also the subsequent measurement including the different specific areas.
Course Delivery Method:
- Lectures: In-depth presentations on each topic with examples.
- Case Studies: Real-world scenarios to apply knowledge.
- Group Discussions: Encourage participants to share insights and experiences.
- Workshops: Practical exercises on impairment testing, classification of financial instruments, and lease accounting.
- Participants will need to bring laptops to work through the examples and case studies
Targeted Audience:
- Finance Managers and Executives
- Accountants and Auditors
- Financial Analysts
- CFOs and Financial Controllers
- Professionals involved in financial reporting and analysis
End of the workshop
IN HOUSE AND ONLINE TRAINING
While both In-House and Online training can present with cost-effectiveness and time-efficacy, there are some very specific differences between in-house courses and those based online.
The demand for additional courses by individuals or groups of people is increasing. Still, it depends entirely on the preferences of a person what type of training he or she wants to receive. Online courses and in-house training carry some similarities but they are considered to exhibit some very pivotal differences too. Despite that, both types of learning can be really beneficial for attendees.
For Registration and other Training arrangements,
contact us on the detail below.
SOUTH AFRICA : +27 11 057 6001
TANZANIA Cell: +255 769 688 544
WhatsApp +27 79 574 0389
info@bmktraining.co.za / www.bmktraining.com
