The International Accounting Standards Board (IASB) is finalising its project to replace IAS 39 with IFRS 9. Working in 3 phases, Classification and Measurement, Impairment and Hedge Accounting, the new model introduces requirements for forward looking accounting.
With accounts department generally dealing with historical data and risk functions dealing with forward looking models, questions are being raised as to what overlap there is between current risk management and accounting information and the roles of risk and finance departments in the programme.
CFP’s IFRS 9 Forum brings together senior risk professionals, accountants, and leading independent experts to address the critical challenges and opportunities being faced in IFRS 9.
The Congress with address key topics under IFRS 9 and changes to the accounting standards such as:
- Reviewing the transition from IAS 39 to IFRS 9 and what this means for the organisation
- Understanding the classification and measurement approach and its implementation into systems
- Determining appropriate models to use for effective impairment implementation
- Understanding what is defined as significant credit deterioration and feeding into models
- Reviewing and understanding whether to adopt hedge accounting standards under IFRS 9
- A forward look over the next 12-18 months
Further details and booking: http://www.cfp-events.com/forthcoming-events/ifrs-9-impairment-and-implementation/
