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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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