Course Agenda

1. Aims and objectives of accounting for financial instruments in response to the impact of the 2008 crisis. Why did you need a new model? Impact of the COVID-19 pandemic on accounting and reporting on financial instruments. The banking crisis of March 2023: What conclusions can be drawn by the compilers of financial statements? Disclosure of interest risk information is a case of SILICON Valley Bank.

2. Criteria for recognition and derecognition of financial instruments.

2.1. Embedded financial instruments.

2.2. Modification of the financial instrument. Issues of identification and accounting.

3. Classification of financial assets and liabilities.

4. Key approaches to valuation of financial instruments. IFRS 13 fair value accounting requirements.

5. Shortcut expedients of IFRS 9 for different accounting situations.

5.1. Project to refine accounting simplifications.

5.2. Other proposed changes in accounting for financial instruments.

6. Review practical accounting examples for:

6.1. Loans and impairment

6.2. Bonds

6.3. Trade portfolios

6.4. Derivatives

6.5. Different types of financial liabilities

6.6. Credit lines and guarantees

7. The requirements of IFRS 9 are a new concept of impairment.

7.1. Impairment of leasing receivables.

7.2. Discussions to change the treatment of impairment in IFRS 9.

8. How the requirements of IFRS 9 and Basel III coincide and differ to each other.

9. Disclosure of credit risk in financial market participants’ accounts (banks, investment funds, etc.). IFRS 7 Financial instruments: disclosure requirements. Revision cycle - Status as of September 2023.

10. Questions and answers.