IFRS 9 - Hot News

12 October 2010, 9:00 am – 12:30 pm (Czech language)

IFRS 9 – hot topics and presentation of the full exposure draft of the new standard

New International Financial Reporting Standard providing a comprehensive solution for financial instruments is a long-awaited standard representing priority delivery of IASB for 2010. It is also the first real simplification of accounting for financial instruments. This course represents a follow-up to our November and December course dedicated to the first part of IFRS 9 and will summarise the first part of the standard and will be looking into the details of the newly issued exposure drafts on amortised cost and impairment of financial assets based on expected losses, classification and measurement of financial liabilities, hedge accounting and comparison with similar US GAAP exposure draft of FASB.
 

IFRS 9 Financial assets: classification and measurement

This special seminar is aimed at accounting, finance and banking professionals from financial institutions, corporate chief accountants and treasury departments that are currently dealing with IAS 39 and require knowledge of the current changes in this complex area in order to make implementation decisions and prepare for the complex changes.

The seminar will focus on the following issues:

• Classification and measurement of financial assets (Phase 1)
• Classification and measurement of financial liabilities
• Financial Instruments: Amortised Cost and Impairment (Phase 2)
• Hedge Accounting (Phase 3)
• Convergence and comparison to new US GAAP exposure drafts of FASB
• Commentary and endorsement process of the new financial instruments standard by IASB and European Union and expected developments

The course will be presented by Petr Kříž, a partner leading the PwC Czech Financial Services Assurance department who is as vice-president for financial reporting of the Federation of European Accountants FEE involved in the ongoing commentary process and endorsement negotiations for adoption of IFRS in EU. Consequently, he is able to provide deep insight into the latest developments.