المخرجات
By the end of this training course, trainees will be able to :
- Understand, explain and apply the IASB's Conceptual Framework for Financial Reporting.
- Understand the various accounting treatments of financial instruments, including the measurement, recognition, derecognition.
- Apply relevant financial reporting standards of financial instruments in practical cases.
- Identify and apply disclosure requirements of financial instruments in financial reports and notes.
- Understand and apply the Expected credit Losses (ECL)
الفئة المستهدفة
- Senior Accountants in financial institutions and companies.
- Credit managers.
- Those who are dealing with financial instruments, (debt and equity investments) .
- Preparers of financial statements.
المحتويات
- The Conceptual Framework Of Financial Reporting:
- The purposes of conceptual framework of financial reporting.
- The objectives of financial statements.
- Qualitative characteristics of useful information.
- Definition, recognition, and measurement of elements.
- Concepts of capital and capital maintenance.
- The general-purpose financial reporting “The financial Statements” and their components.
- The limitations, underlying assumptions and the main definition of financial statements.
- Financial Instruments (IFRS 9):
- Definition of financial instrument (Primary & Derivative).
- Classifying financial instruments as financial asset, financial liability and equity instrument.
- Initial recognition of financial instruments (debt instrument, equity instrument, derivative).
- Subsequent measurement of financial instruments (debt instrument, equity instrument, derivative).
- Various classifications of financial instruments (amortized cost, fair value through other comprehensive income, fair value through profit or loss).
- Calculating the amortized cost and fair value adjustment and how the gain or loss will be presented and classified in financial statements.
- Reclassifying of financial instruments.
- Impairment Accounting.
- The accounting of derecognition of financial assets and financial liabilities.
- Recovery of impairment loss
- Expected credit loss (ECL): General approach and simplified approach
- Determinants the significant increases in credit risk and recognizing a loss allowance on a collective basis
- Applying the 'simplified approach' using a provision matrix
- Review the instructions of IFRS9 issued by central Bank: Financial Instrument (only For banks).