International Financial Reporting Standards (IFRS 9) Training

International Financial Reporting Standards (IFRS 9) Training

Classify Financial Instruments, Implement Expected Credit Loss Models, and Optimise Hedge Accounting

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Platform:
Online
In-class
Date Venue Duration
Available on Request

Course Introduction

Financial reporting is not just a compliance necessity—it is a crucial driver of strategic decision-making, investor confidence, and financial stability. IFRS 9 plays a pivotal role in standardising the recognition, measurement, and disclosure of financial instruments. However, its complexity often creates challenges for even the most seasoned professionals. 

 

How should financial assets be classified accurately? How can forward-looking impairment models be implemented effectively? Can hedge accounting be leveraged for optimising financial performance? This International Financial Reporting Standards (IFRS 9) Training course provides clear answers to these critical questions by breaking down IFRS 9 through practical tools, real-world case studies, and expert insights. 

 

Participants will explore key concepts such as Expected Credit Loss (ECL) models, fair value measurement, and risk management strategies. Additionally, the Prospen International Financial Reporting Standards (IFRS 9) Training course integrates current financial reporting challenges, including the impact of economic downturns, climate-related financial risks, and digital transformation. Whether working in the public or private sector, participants will gain the skills needed to enhance financial reporting accuracy and compliance with IFRS 9.

Course Objectives

By the end of this International Financial Reporting Standards (IFRS 9) Training course, participants will:
  • Grasp the core principles and applications of IFRS 9
  • Accurately classify and measure financial instruments
  • Implement Expected Credit Loss (ECL) models effectively
  • Utilise hedge accounting strategically
  • Strengthen risk management through IFRS 9 compliance
  • Prepare financial reports that enhance transparency and credibility
  • Address contemporary IFRS 9 challenges with practical solutions
  • Build a robust framework for continuous financial excellence

Who should attend?

  • Accountants Aiming to Enhance Their IFRS Expertise
  • Financial Analysts Interpreting Complex Financial Instruments
  • Risk Managers Ensuring Robust Risk Assessment Models
  • CFOs and Finance Directors Driving Strategic Decision-Making
  • Internal Auditors Reviewing IFRS 9 Compliance Processes
  • Compliance Officers Navigating Regulatory Frameworks
  • Public Sector Financial Officers Managing Large-Scale Budgets
  • Bankers Assessing Loans and Credit Risk
  • Investment Managers Optimising Portfolio Reporting
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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

Module 1: Introduction to IFRS 9
  • Evolution of IFRS and key objectives of IFRS 9
  • Differences between IFRS 9 and IAS 39
  • The role of IFRS 9 in today's financial landscape
  • The May 2024 amendments to IFRS 9 and IFRS 7 — covering electronic payment settlement and contractual cash-flow assessments and disclosures — effective for annual reporting periods beginning on or after 1 January 2026
Case Study: Transition challenges from IAS 39 to IFRS 9.

Module 2: Classification and Measurement of Financial Instruments
  • Classifying financial assets and liabilities
  • Amortised cost, FVOCI, and FVTPL explained
  • Practical examples of classification decisions
  • Challenges in reclassification and solutions
  • Applying the May 2024 classification and measurement amendments in practice
Case Study: Misclassification errors and financial impacts.

Module 3: Expected Credit Loss (ECL) Models
  • Shift from incurred loss to expected loss models
  • Three-stage ECL model explained, including staging under Significant Increase in Credit Risk (SICR)
  • Core ECL components: Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD)
  • Tools and techniques for calculating ECL
  • Practical applications in loan and credit portfolios
Case Study: Applying ECL in a downturn economy.

Module 4: Hedge Accounting Simplified
  • Purpose and importance of hedge accounting
  • Types of hedges: Fair value, cash flow, and net investment
  • IFRS 9 criteria for hedge effectiveness
Case Study: Hedge accounting in volatile markets.

Module 5: Impairment of Financial Assets
  • Impairment requirements under IFRS 9
  • Assessing significant increases in credit risk
  • Reporting impairments: Disclosures and compliance
  • Industry-specific impairment modelling challenges
Case Study: Impairment modelling during economic crises.

Module 6: Fair Value Measurement and Disclosures
  • Fair value hierarchy levels
  • Measuring fair value under IFRS 13 and IFRS 9
  • Disclosing fair value in financial statements
  • Common pitfalls in fair value assessments
Case Study: Fair value assessment errors in banking.

Module 7: Practical Application of IFRS 9 in Banking
  • IFRS 9 and credit risk management
  • ECL models for loan portfolios
  • Regulatory implications for banks, including alignment with Basel III/IV capital frameworks
  • Integrating IFRS 9 into daily banking operations
Case Study: Managing IFRS 9 implementation in financial institutions.

Module 8: IFRS 9 for Public Sector Entities
  • Unique financial reporting challenges in the public sector
  • Adapting ECL models for donor and grant requirements
  • Ensuring IFRS 9 compliance in government agencies
  • Alignment with IPSAS 41, the specific public sector standard governing financial instruments and ECL
Case Study: IFRS 9 in public sector financial management.

Module 9: Managing IFRS 9 Implementation Projects
  • Planning and executing IFRS 9 adoption
  • Overcoming common implementation challenges
  • Training teams for successful integration
  • Ensuring ongoing compliance and updates
Case Study: Lessons learned from IFRS 9 implementation failures.

Module 10: Advanced Topics and Future Trends in IFRS 9
  • Integrating IFRS 9 with other financial standards
  • Role of technology in IFRS 9 compliance (AI, automation, digital reporting)
  • Emerging trends in financial reporting and risk assessment
  • Climate-related financial disclosures and IFRS 9 considerations
  • Preparing for future updates to IFRS standards
Case Study: The impact of digital transformation on IFRS 9 compliance.

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

uMngeni-uThukela Water

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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.

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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 – International Financial Reporting Standards (IFRS 9) Training

Master financial instrument classification, expected credit loss (ECL) provisioning models, hedge accounting principles, and complex derecognition rules to maintain full compliance with IFRS 9 standards across diverse financial portfolios.

What topics are covered in the International Financial Reporting Standards IFRS 9 course?
The course covers classification and measurement of financial assets and liabilities, business model testing, Solely Payments of Principal and Interest (SPPI) criteria, the 3-stage Expected Credit Loss (ECL) impairment model, and general hedge accounting strategies.
Who should attend this specialized IFRS 9 masterclass?
This masterclass is designed for financial controllers, credit risk managers, finance heads, corporate accountants, treasury officers, internal auditors, and regulatory reporting analysts across banking, corporate, and financial services sectors.
What are the key learning objectives of this IFRS 9 training?
Delegates learn to navigate SPPI and business model classification logic, build robust ECL provisioning models using forward-looking macro variables, manage hedge accounting documentation, and draft compliant IFRS 9 disclosures.
How long is the International Financial Reporting Standards IFRS 9 course?
The programme is delivered as an intensive 5-day hands-on technical workshop featuring ECL calculation clinics, loan staging scenario workouts, and live financial disclosure reviews.
What practical skills will delegates gain from this masterclass?
Participants will gain practical skills in calculating Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD), managing trade receivable impairment matrices, testing hedge effectiveness, and accounting for financial liability modifications.
Can Prospen Africa deliver this course as customized in-house training?
Yes. Prospen Africa can tailor the workshop to mirror your organization's specific financial instrument assets, credit risk scoring frameworks, loan portfolio structures, and corporate accounting policies.

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