ΠΕΡΙΓΡΑΦΗ

The IFRSs seminar has been specifically developed to be helpful to preparers and users of financial statements. The seminar intends to cover in-depth the principles of one very important IFRS, the Financial Instruments (IFRS 9).

The IFRSs seminar has been specifically developed to be helpful to preparers and users of financial statements. The seminar intends to cover in-depth the principles of one very important IFRS, the Financial Instruments (IFRS 9).

Financial instruments is one of the most challenging areas in financial reporting. IFRS 9 Financial Instruments is effective from 1 January 2018 and replaces IAS 39 Financial Instruments: Recognition and Measurement.

This recently issued standard introduces more principles-based approach to classify and measure financial assets. The new impairment model requires earlier and ongoing assessment of credit losses. Entities will have to determine and account for expected credit losses instead of waiting for an actual default.

Financial instruments is one of the most challenging areas in financial reporting. IFRS 9 Financial Instruments is effective from 1 January 2018 and replaces IAS 39 Financial Instruments: Recognition and Measurement.

This recently issued standard introduces more principles-based approach to classify and measure financial assets. The new impairment model requires earlier and ongoing assessment of credit losses. Entities will have to determine and account for expected credit losses instead of waiting for an actual default.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

On completion of this seminar participants should be able to:

• Gain a clear understanding of the IFRS 9
• Be able to apply and evaluate the principles covered
• Read, comprehend and evaluate financial statements incorporating accounting information covered by this IFRS.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

The seminar is primarily addressed to accountants and auditors in the profession or industry. It is also relevant and appropriate to any individual having an active role in preparing, analyzing and presenting financial statements.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Seminar Content

IFRS 9 Financial Instruments

• Reasons for issuing IFRS 9
• Objective
• Initial recognition
• Classification and measurement of financial assets
• Debt instruments
• Amortized cost
• Fair value through other comprehensive income
• Fair value through profit or loss

IFRS 9 Financial Instruments

• Classification and measurement of financial assets (continued)

IFRS 9 Financial Instruments

• Equity instruments
• Fair value through profit or loss
• Fair value through other comprehensive income

IFRS 9 Financial Instruments

• Classification and measurement of financial liabilities

IFRS 9 Financial Instruments

• Impairment of financial assets
• Recognition of expected credit losses
• Simplified approach for trade receivables

IFRS 9 Financial Instruments

• Impairment of financial assets
• Recognition of expected credit losses
• Simplified approach for trade receivables
• Effective date and transition

Questions and Answers