This workshop provides a detailed review of the significant technical requirements of International Financial Reporting Standards (IFRSs), including accounting and reporting for financial instruments, as well as other standards relevant to the financial
services sector. It includes coverage of the requirements of the relevant standards and interpretations, hands-on case studies, examples, exercises, small-group projects, and benefits from the interactive participation of the attendees. Our specialist
instructors explain the principles clearly and simply and provide real-world examples, thereby immersing participants in the intricacies of IFRSs and the implications for banks and other financial institutions.
Utilizing a highly interactive format, this course provides a comprehensive overview of the effects that IFRS 9 Financial Instruments has on the financial statements of financial institutions.
The principles of the standards are demonstrated with numerous illustrative examples, complemented by application of the standards in an interactive group environment utilizing case studies, model and real-world financial statements and practical
The registration fee for this unique event includes:
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This comprehensive two-day course provides an overview of the most important accounting and reporting requirements for derivatives and hedging activities in accordance with Topic ASC 815 (FAS 133, 138, 149, 150, 155, 156, 159, ASU 2017-12, and related
pronouncements under US GAAP).
The course includes a review of significant accounting policies and necessary disclosures, in accordance with the pronouncements of:
These requirements are explained in clear, simple language and illustrated with model journal entries, corporate annual reports, and other real-world examples. Application of the various standards is illustrated through the use of short case studies.
In addition to a review of current US GAAP developments, course participants receive information on likely future pronouncements and the probable impact of their adoption.
This course answers questions such as:
In recent years the use of derivatives and other financial instruments, in particular for treasury risk management, has increased substantially. This has resulted in complex accounting rules issued by the Financial Accounting Standards Board (FASB)
in order to properly reflect the impact of these items in the financial statements. These complex rules have made the application of US GAAP in the area of financial instruments challenging.
This two-day course provides an in-depth illustration and explanation of the requirements of ASC 825 Financial Instruments, ASC 815 Derivatives and Hedging, and ASC 820 Fair Value Measurement. Utilizing practical examples and hands-on exercises, this
course demonstrates the rules for classification, recognition, derecognition, measurement and impairment of financial instruments; application of the effective interest method; and determining the distinction between financial liabilities and
equity. In clear and simple language, our specialist instructors also explain the rules for derivatives, embedded derivatives, and hedge accounting. The extensive disclosure requirements in relation to financial instruments are also discussed
The Third Basel Accord was issued in December 2017. It applies a global framework for banking regulation and was developed in stages (Basel III (original) plus Basel IV) prior to and in response to the 2008 financial crisis
Although “soft law”, the Accord nevertheless constitutes the global, regulatory standard on bank capital adequacy, stress testing and liquidity. Specifically designed to enhance bank and banking sector stability, the Accord materially
impacts banking business models. It is therefore a given that people working in banks and financial institutions have an awareness of the content of the Accord and its implications for the business of banking.
The Third Basel Accord is being introduced into EU law through the Capital Requirements Regulations (CRR I and II) and the Capital Requirements Directives (CRD IV and V).
Our course starts with a brief overview of the background to bank prudential regulation to refresh participants knowledge of the key drivers behind the introduction and development of the Basel Accords
This is followed by:
The course then considers the extra regulations applicable to global systemically important banks (G-SIBs). This will involve a review ofthe Financial Stability Board’s TLAC standard for globally systemically important banks (G-SIBs)
The final part of the course examines the rules applied by the EU Bank Recovery and Resolution Directive.
Whilst this course will contain some numerical examples and illustrations it will avoid becoming bogged down in the detailed mathematics of financial risk management. Although a technical overview the main aim of the course is to provide a clear line
of sight through to the business implications for banks implementing and working within the regulatory framework of the Third Basel Accord.