PwC Academy held a training for Ukrgasbank

Ukrgasbank is committed to its timely preparation for adoption of new requirements of International Accounting Standards.

On 23 November 2016, PwC Academy delivered the IFRS 9 training course for Ukrgasbank’s employees.

Key syllabus areas:

• Triggers for development of the new accounting standard for financial instruments. Key completion phases of IFRS 9
• Classification and measurement guidelines for financial assets and financial liabilities in IFRS 9
• Expected credit losses model – key requirements under IFRS 9. Practical guidance for commercial banks on how to build a provisioning model
• Effective date and transition to the new standard
• Current status of IFRS 9 adoption globally

Value delivered to the training participants:

• Insight into requirements of IFRS 9, Financial Instruments
• Understanding of how to apply IFRS 9 in real-life situations
• Knowledge of how to develop a road map of IFRS 9 adoption