IFRS Accounting for Banks & Financial Institutions
Duration: 2 Days
The programme answers questions such as:
1. What are the current and likely future IFRS reporting requirements for financial institutions?
2. How do the IFRS financial statement disclosure requirements for banks relate to Pillar 3 of Basel II?
3. What are the accounting requirements for loan losses, property, plant and equipment and fee income?
4. How are effective interest rates calculated for various financial instruments?
5. What rules apply to the recognition, measurement and de-recognition of financial instruments?
Course Summary
This two-day course examines international accounting issues and their effect on investment banks.
Course Benefits
- Comply with IFRS financial statement disclosure requirements
- Resolve critical issues, including accounting for loan losses; nonaccrual of interest; property, plant and equipment and fee income
- Calculate the effective interest rates for various financial instruments common to the banking industry
- Increase planning opportunities through awareness of likely future IFRS changes affecting financial institutions, including prospects for convergence with major national accounting standards
Teaching Method
- Description and explanation of IFRS technical requirements in clear and simple language
- Model and real-world financial statements of financial institutions to demonstrate IFRS presentation and disclosure requirements
- Illustrative demonstrations for calculating effective interest rates
- All participants receive a copies of the presentations slides, handouts and course materials
Course Summary
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