With IFRS 9 Approaching, Are Corporates Ready for the Changes?
Upcoming Webinar: 17 October 2017 | 9 AM BST | 4 PM HKT

IFRS 9 changes accounting for financial instruments and creates credit loss forecasting challenges. The new impairment model will likely increase the initial amount and ongoing volatility of provisions. Many corporations may require new processes and tools to manage to the IFRS 9 standard.

Register today to learn more about what corporations need to consider while preparing for IFRS 9 implementation. 

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Why You Should Attend

While IFRS 9 brings the toughest challenges to banks and other credit suppliers to the wider economy, it applies to all balance sheets which have financial instruments, including but not limited to cash, trade receivables, loans, and guarantees. For standalone financial statements prepared in accordance with IFRS, there could also be implications on intercompany transactions, such as tax and transfer pricing considerations as a result of these changes in the debt provisions.

Moving from an incurred loss to an expected loss approach will require Accounting, Treasury, Customer Credit, Tax and in particular IT departments of institutions to work together for compliance with the new standard, with opportunities for improvements in underwriting standards and credit risk monitoring. These would also mean investment in credit data, analytics, systems as well the governance and reporting frameworks.


Highlights

  • Addressing challenges in IFRS 9: data, methodology, scenarios and analytics
  • Determining provisions through expected credit loss forecasting
  • Improving credit risk analytics and culture
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