IFRS 9 and 15 Training

The programme

Programme overview

Ratomac 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.

Who should attend

Who is this programme for?

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

Learning outcomes

What you will learn

• 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
• 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

Explore the programme

Detailed programme outline

• Key differences from IAS 39
• Key principles and effective date
• Identifying financial assets and liabilities
• Applying the classification framework
• Understanding different measurement models
• Applying the expected credit loss (ECL) model
• Recognition and reversal of impairment losses
• Disclosures
• Recognising and measuring hedge accounting positions
• Effectiveness criteria
• Presentation
• Practical application of IFRS 9 to various financial instruments
• Key principles, the five-step model, and effective date
• Analysing contracts to identify distinct promises to transfer goods or services
• Determining the consideration to be recognised
• Variable consideration estimates
• Changes in transaction price
• Applying the five-step model
• Allocation of transaction price
• Recognising performance obligations over time
• Required disclosures under IFRS 15
• Practical application of IFRS 15 to various contracts

Learning approach

How you will learn

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.

Discuss your requirements

Dates, duration & arrangements

Contact Ratomac to confirm dates, duration, delivery format, entry requirements and any applicable assessment or certification before booking.