THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
IFRS 9-Financial Instruments Webinar – Recording
Date: 5th May 2022
Venue: Webinar
Time: 04.00pm – 06.00pm
OVERVIEW
IFRS 9 Financial Instruments is a standard which came into effect on 1st January 2018. It specifies how an entity should classify and measure financial assets, financial liabilities, and some contracts to buy or sell non-financial items. IFRS 9 requires an entity to recognize a financial asset or a financial liability in its statement of financial position when it becomes party to the contractual provisions of the instrument
This training intends to enhance the participants’ understanding of the principles and the concepts underlying IFRS 9 and explain adaptation of IFRS 9 in financial reporting. It will cover:-
- Overview to IFRS 9 classification and measurement impairment models (Apply the principles for classification, initial recognition and subsequent measurement of financial assets and financial liabilities in IFRS 9)
- Summary of key issues in IFRS 9
- Benefits and challenges of implementation of IFRS 9
- Classification and reclassification: Classification of debt instruments and equity instruments cash flow characteristics
- Determine the accounting for derivatives and embedded derivatives
- Compute the effective interest rate and apply the effective interest method for measurement of financial instruments at amortized cost
- Apply the expected credit loss model and calculate impairment losses for financial assets
- Obtain an overview of hedge accounting and analyze the requirements in IFRS 9
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 2 Structured CPD Units upon successfully completion of the Webinar.
FINANCIAL COMMITMENT:
The Webinar charges are Kshs. 1,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance
ONLINE BOOKING:
Registration: Delegates are reminded to note that online booking for webinar is mandatory on https://www.icpak.com/event-registration/Online Booking
We call on Seminar participants to note that booking for is available only online at www.icpak.com/events and will close two hours before the training session. Delegates are reminded to note that online booking for training sessions is mandatory.
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT:
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)
Further requests can be channeled to us via telephone calls on +254 719 074 000, (+254) 733 856262 or via email to onlinelearning@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.