PROGRAMME OVERVIEW

IFRS 9 Session will help participants understand key potential impacts and through case studies provide implementation guidance and lesson learned below:

• Reported credit losses will be affected and become more volatile under the new expected credit loss model. The number and complexity of judgements are also expected to increase.
• Classification of financial assets will be more judgmental and will affect how capital resources and requirements are calculated.

IFRS 15 Session will help participants understand key potential impacts and how to practically apply the standard especially on:

• Identify whether any services promised in contracts meet the new “distinct” test and need to be accounted for separately. Case studies on credit loyalty programs, deal advisory arrangements and personal banking services

IFRS 16 Session will help participants understand key potential areas and how to practically apply them especially:

• Which leases shall be recognized and reviewing terms of contracts associated with the extensive branch network, call centres, contracts over ATM networks and data storage facilities?

BENEFITS OF UNDERSTANDING

After understanding the potential impact, models and methodologies, it will help the participant to think about changes required specially:

• Develop appropriate methodologies and controls to ensure judgement is exercised consistently throughout the organisation.
• Incorporate the new requirements into capital planning and stress testing to ensure the potential impacts under adverse scenarios are properly understood and addressed.
• Consider developing a plan to reduce potential volatility – e.g. by diversifying products within portfolios to reduce concentrations of credit risk or adjusting maturities of products.
• Upgrade accounting systems to ensure they can capture information needed for classification and measurement
• Consider changes to contractual terms or business models.
• Determine and assess the potential impact on regulatory capital.
• Identify key policies, inputs and assumptions, and design disclosures that meet the requirements of IFRSs and investors/stakeholders.
• Assess current systems to identify data gaps that need to be filled to meet the new disclosure requirements.

WHO SHOULD ATTEND

• CFOs
• Financial Controllers
• Finance Managers
• Finance Directors
• Heads of Finance Department
• Corporate Finance Staff
• Auditors
• Chief Accounting Officers
• Treasury Accountants

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