Accounting For Investment In Accordance With IAS 39

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Accounting For Investment In Accordance With IAS 39

7th – 11th January 2018

Cairo – EGYPT

Objectives

This course provides an understanding on the following issues

To highlight the similarity and salient difference between FRS/IAS 39 and the new Standard

How financial assets and financial liabilities are recognition and derecognition

Classification of financial assets and financial liabilities

The measurement issues:

Determining fair value – interaction between FRS 109 and FRS 113 Fair Value Measurement

The use of effective interest rates methods for different types of financial instruments

Impairment of financial assets:

Comparing the ‘incurred loss model’ with the ‘expected loss model’

The accounting requirements for loan losses and interest income

A quick comparison of hedge accounting under FRS/IAS 39 and the new Standard

Transiting from FRS/IAS 39 to the new Standard

 

Participants

An Intermediate to Advanced level programme intended for directors and partners, accountants and auditors, financial controllers and finance managers, fund managers and investment analyst.                                                                                                           

Contents

Introduction and course overview.

Comparing objectives in FRS/IAS 39 and the new Standard

Comparing the scope of FRS/IAS 39 and the new Standard

How to handle subsidiaries, associates and jointly controlled entities

Leases: lessor and lessee scope

Issuer of equity instruments

Insurance contracts Vs. Financial guarantee contracts

Contract in business combination

Loan commitments

Provisions

Share-based-payments

Contract to buy or sell non-financial items

Commodity derivative contracts to be settled net in cash Vs. Physical delivery

Recognition and Derecognition  :

Comparing the recognition and derecognition principles in FRS/IAS 39 and new Standard

Recognition of financial assets and financial liabilities

Financial guarantee contracts

Regular way purchase and sale of financial assets

Derecognition of financial assets and financial liabilities

Evaluating the conditions for derecognising financial assets and financial liabilities

Evaluating transfer of a financial asset that qualify for derecognition

Identifying modification of substantial terms that trigger the derecognition of a financial liability

Classification

Classification and reclassification differences between FRS/IAS 39 and new Standard

The ‘business mode’ and the ‘contractual cash flows’

The fair value option

Embedded derivatives

Measurement:

Application of the Effective Interest Method

Fair value measurement (FRS 113/IFRS 13)

Applying the effective interest method under various scenarios

Impairment of financial assets

Transition from ‘incurred loss model’ to the ‘expected loss model’

How to identify expected credit loss

Applying the effective interest method after recognition of impairment losses

 Hedge Accounting 

Overview of accounting for the three types of hedges (cash flow, fair value, and net investment)

Hedge accounting documentation requirements

 Effective Date and Transition

How to transit from FRS/IAS 39 to the new Standard

 

 

Language : English & Arabic .

Fees : 2500  $

Daily schedule :

Lecture1  9 :  11 Am

Rest  1 11 :  11.15 Am

Lecture2 11.15 :  12.45 Pm

Rest 2 12.45 : 2 Pm

Lecture3 2 :  3 Pm

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