IFRS 9 and 15 Training

IFRS 9 and 15 Training

Master Financial Instruments and Revenue Recognition with Proper Time for Both Standards

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Platform:
Online
In-class
Date Venue Duration
29 - 30 September 2026 Sandton, Gauteng 2 Days

Course Introduction

Prospen Africa’s IFRS 9 and 15 Training program provides a comprehensive overview of IFRS 9 and IFRS 15, two of the most significant International Financial Reporting Standards (IFRS) impacting financial reporting. Participants will gain a clear understanding of the key requirements, practical considerations, and implications of these standards. Through interactive presentations, case studies, and discussions, participants will develop the skills necessary to implement these standards effectively. 

 

Materials: training slides and handouts, the IFRS 9 and 15 standards, and practical case studies. Assessment: pre- and post-training quizzes, case study analysis, and group discussions.

Course Objectives

At the end of the IFRS 9 training, delegates are expected to understand:
  • Understand the key changes introduced by IFRS 9 compared to IAS 39
  • Classify and measure financial assets and liabilities under IFRS 9
  • Apply the expected credit loss (ECL) model for impairment assessment
  • Identify and account for hedge accounting relationships
  • Analyse and interpret the financial statements of companies applying IFRS 9
At the end of the IFRS 15 training, delegates are expected to understand:
  • Understand the principles underlying the five-step model for revenue recognition
  • Identify performance obligations within contracts
  • Measure transaction price and allocate it to performance obligations
  • Recognise revenue over time in accordance with IFRS 15
  • Prepare the required disclosures under IFRS 15
  • Analyse and interpret the financial statements of companies applying IFRS 15

Who should attend?

This training is designed for accounting professionals who need to understand and apply IFRS 9 (Financial Instruments) and IFRS 15 (Revenue from Contracts with Customers). This includes:

  • Accountants
  • Auditors
  • Financial Analysts
  • Other Stakeholders Involved in Financial Reporting
Finance Courses

Training Methodology

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.

Training Outline

Day 1: IFRS 9 – Introduction, Classification, and Measurement
Module 1: Introduction to IFRS 9
  • Key differences from IAS 39
  • Key principles and effective date
Module 2: Classification and Measurement
  • Identifying financial assets and liabilities
  • Applying the classification framework
  • Understanding different measurement models
Day 2: IFRS 9 – Impairment, Hedge Accounting, and Application
Module 3: Impairment
  • Applying the expected credit loss (ECL) model
  • Recognition and reversal of impairment losses
  • Disclosures
Module 4: Hedge Accounting
  • Recognising and measuring hedge accounting positions
  • Effectiveness criteria
  • Presentation
Module 5: Case Studies
  • Practical application of IFRS 9 to various financial instruments
Day 3: IFRS 15 – Introduction, Performance Obligations, and Transaction Price
Module 6: Introduction to IFRS 15
  • Key principles, the five-step model, and effective date
Module 7: Identifying Performance Obligations
  • Analysing contracts to identify distinct promises to transfer goods or services
Module 8: Measuring Transaction Price
  • Determining the consideration to be recognised
  • Variable consideration estimates
  • Changes in transaction price
Day 4: IFRS 15 – Revenue Recognition, Disclosure, and Application
Module 9: Recognising Revenue
  • Applying the five-step model
  • Allocation of transaction price
  • Recognising performance obligations over time
Module 10: Disclosures
  • Required disclosures under IFRS 15
Module 11: Case Studies
  • Practical application of IFRS 15 to various contracts

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Success Stories

Discover how our courses enhance professionals’ effectiveness in their workplaces.

uMngeni-uThukela Water

IFRS Updates Trainings

What made the sessions exceptionally helpful was the deliberate focus on actionable strategies rather than just high-level concepts. The structured approach kept the content engaging. It was a highly impactful professional development experience.

Telekom Networks Malawi Plc

Financial Analysis, Modelling and Forecasting

It has been a really fruitful and helpful training. Many thanks to PROSPEN AFRICA and the facilitator Olufemi. This is definitely going to make my work life easier and meaningful.

Northam Booysendal Mine

Mastering Payroll Preparation, Analysis, and Management

The course really taught us deep in to Payroll and made us aware of things we were not aware of.

Telekom Networks Malawi PLC

Financial Analysis, Modelling and Forecasting

The training was very insightful and the facilitator was very engaging which made everything easier to understand and follow. It has really equipped us in our areas of lack and we feel confident now on our next assignments on forecasts and analysis

Magalies Water

GRAP training

The course was practical, informative and relevant

FAQs – IFRS 9 and 15 Training

Master expected credit loss (ECL) modeling, five-step revenue recognition frameworks, impairment provisioning, and technical disclosure requirements to maintain dual compliance with IFRS 9 and IFRS 15.

What topics are covered in the IFRS 9 and IFRS 15 training course?
The course covers the classification and measurement of financial assets/liabilities, Expected Credit Loss (ECL) provisioning under IFRS 9, hedge accounting, and the 5-step revenue recognition model, contract modifications, variable consideration, and performance obligations under IFRS 15.
Who should attend this combined IFRS 9 & 15 masterclass?
This training is designed for financial controllers, Chief Accountants, financial reporting managers, external and internal auditors, credit risk analysts, and finance team leads operating across commercial, banking, telecommunications, and corporate sectors.
What are the key learning objectives of this course?
Delegates learn to build compliant ECL impairment models, correctly classify financial instruments based on SPPI and business model tests, identify distinct performance obligations in complex customer contracts, and draft bulletproof financial statement disclosures.
How long is the IFRS 9 and IFRS 15 training course?
The programme is delivered as an intensive 5-day technical masterclass featuring practical ECL calculation models, contract unbundling workshops, and real-world financial statement disclosure reviews.
What practical skills will delegates gain from this masterclass?
Participants will gain hands-on skills in calculating Staging allocations (Stage 1, 2, and 3) for trade receivables and loans, allocating transaction prices across multiple deliverable bundles, accounting for principal vs. agent scenarios, and executing hedge effectiveness tests.
Can Prospen Africa deliver this course as customized in-house training?
Yes. Prospen Africa can tailor the workshop to focus on your company's specific customer contract structures, revenue streams, credit risk exposure models, and industry-specific accounting policies.

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