Financial Instrument

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IFRS 9 Financial Instruments will replace IAS 39 Financial Instruments: Recognition and Measurement. This Standard will be completed in three phases:

1. Classification and measurement of financial assets (IFRS 9 issued in November 2009)
2. Impairment methodology for financial assets (exposure draft issued in November 2009)
3. Hedge accounting (development stage)

The Knowledge Group is assembling a panel of key thought leaders and experts to help you get a sense of what these important developments have to offer for your business. Joining this webcast will allow you to assist your clients better. Reserve your slot now and have the chance to ask your questions to our panel, live.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 103988
Course Fee: $199 - $299 (Early Bird Discounted Rate - on or before 11/22/2010)
                       $249 - $349 (Regular Rate - registration after 11/22/2010)
                       (Please click here for details)
 NASBA Sponsor Number: 109004

 

Featured Speakers for IFRS 9 Financial Instruments Explained LIVE Webcast:


Proposed Agenda (click here to view more)
SEGMENT 1:

Louis Fanzini, Director of Technical Accounting and Research,
Credit Suisse

- The new standard will replace IAS 39 "Financial Instruments
- ongoing proposal on the final piece on hedge accounting continue to be developed.
- IFRS 9 uses a single approach to determine whether a financial asset is measured at amortized    cost or fair value, replacing the many different rules in IAS 39
- The approach in IFRS 9 is based on how an entity manages its financial instruments (its business    model) and the contractual cash flow characteristics of the financial assets
- The new standard also requires a single impairment method to be used, replacing the many    different impairment methods in IAS 39. Thus IFRS 9 improves comparability and makes financial    statements easier to understand for investors and other users.
- IFRS 9 requires the business model of an entity to be assessed first to avoid the need to consider    the contractual cash flow characteristics of every individual asset
- It requires reclassification of assets if the business model of an entity changes.

SEGMENT 2:

Simon Gealy , Partner, Capital Markets Group,
PricewaterhouseCoopers - London, United Kingdom

- Business model drill down and governance
- Products susceptible to reclassification
- Transition issues

SEGMENT 3:

Andrew Spooner, Lead Financial Instruments Partner,
Deloitte

- Comparison of IFRS 9 with the newly issued FASB Exposure Draft on financial instruments. Will one lead to amendments to the other?
- Performing a business model assessment for amortised cost measurement.
- Does the contractual cash flows assessment differ to the current requirement in IAS 39 to separate out non-closely related embedded derivatives?

SEGMENT 4:

Vincent T. Papa, CFA, Director, Financial Reporting Policy,
CFA Institute’s Centre for Financial Market Integrity

- Hedge accounting development. Implications of inconsistencies in scope between FASB and IASB.   Comment on direction of IASB, namely shift in mechanics of fair value hedge accounting   mechanics. Necessary disclosure regime
- Asymmetrical treatment of financial liabilities- The own credit risk question
- Survey Feedback from CFA Institute members on classification and measurement approaches



Credit Suisse
Louis Fanzini
Director of Technical Accounting and Research
speaker bio »»

CFA Institute’s Centre for Financial Market Integrity
Vincent T. Papa, CFA `
Director, Financial Reporting Policy
speaker bio »»

PricewaterhouseCoopers - London, United Kingdom
Simon Gealy
Partner, Capital Markets Group
speaker bio »»

Deloitte LLP (UK)
Andrew Spooner
Lead Financial Instruments Partner
speaker bio »»

Who Should Attend?

- CPAs
- CFOs
- Financial Auditors
- Comptrollers
- Tax Attorneys
- Legal Auditors
- Audit Partners/Consultants
- Management Accountants
- Heads of Finance
- Heads of Accounting and Admin
- Portfolio Managers
- Financial Analyst
- Financial Accounts Manager
- Corporate Senior Management

Why Attend?

This is a must attend event for anyone interested in hearing the latest developments and updates of the implementation of IFRS.
    - New guidance explained by the most qualified key leaders & experts
    - Hear directly from key regulators & thought leaders
    - Interact directly with panel during Q&A

Registration Information:                                                                                                                                    


** Discounts apply for early registration

Disclaimer:
Please note, the event date is firm although it may be subject to change. Please click here for details.

 

 

 

 


IFRS 9 Financial Instruments Explained
LIVE Webcast
Speaker Firms:



CFA Institute’s Centre for Financial Market Integrity





Media Partner:



For anyone involved in the day-to-day running of an accountancy firm, researching the field or focusing on the industry from a strategic angle, The Accountant provides a global perspective to market intelligence, analysis, surveys and news. Available in print and online, The Accountant provides a monthly update on regulatory and legislative changes, best practice case studies and senior-level interviews. An independent, objective and trusted editorial team place The Accountant as the industry journal for the profession. Unlike other publications in the market place, The Accountant is the only monthly publication that provides such detailed analysis of the industry, country by country, and the issues that affect your business practice. Regular industry roundtables enable face-to-face contact with the leading players in the industry.





 

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Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.

Attention New York Attorneys:

This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.

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