|MYR901.00 (including GST)|
MFRS 9 Financial Instruments replaces MFRS 39 for annual periods beginning on or after 1 January 2018. The new Standard uses a highly structured format consisting of 7 chapters dealing with specific issues in the accounting for financial instruments.
The new Standards made significant changes by introducing a logical, single classification and measurement approach for financial assets that reflects the business management and their cash flow characteristics. Impairment of financial assets is built on a forward-looking expected credit loss model instead of the existing ‘incurred model’. The new impairment model will result in a more timely recognition of loan losses and is a single model that is applicable to all financial instruments subject to impairment provision. The new Standards also improved the hedge accounting model to better link the economics of risk management with its accounting treatment.
This comprehensive workshop provides a practical guide to applying the principles of the new Standard and examines the technical changes from the existing practice under the old Standard to the new Standard.
At the end of the workshop, you will:
This workshop is suitable for:
• Personnel in accounting department
• Auditors (internal and external)
• Finance Directors
• Directors & Partners
• Financial Controllers & Finance Managers
• Fund Managers & Investment Analysts
Chapter 1 Objectives
Chapter 2 Scope
Chapter 3 Recognition and Derecognition
Chapter 4 Classification
Chapter 5 Measurement
Chapter 6 Hedge Accounting
Chapter 7 Effective Date and Transition
How to transit from the old Standard to the new Standard
Danny Tan Boon Wooi has over 30 years of working experience in public practice, commerce and industry as a professional accountant and auditor. In the last 18 years, he is a partner of a consulting firm providing technical training and consultancy in IFRS and IPSAS (Accrual Accounting). He is currently a project manager with the Malaysian Accounting Standards Board in several projects. He is a member of Government Accounting Standards Advisory Committee working on the implementation of Malaysia Public Sector Accounting Standards.
Danny holds an Honours Degree in Economics from England, an MBA in Finance from Scotland and a Master in Advanced Business Practice from Australia. He is a member of CIMA (UK), ACCA (UK), ISCA, MIA and CTIM.
Prices shown in MYR are inclusive of GST and do not include Delivery and Handling | Copyright © 2016 Wolters Kluwer