News

IFRS09 Financial Instruments - Upcoming Course By Castille Institute

30-05-2017

Castille Institute, a well-established leader within the financial services and tech education sector, is organising a 3-hour course entitled “IFRS09 Financial Instruments:  A practical perspective for providers of Financial Services” on the 21 June 2017 between 0900 to 1200hrs.

 IFRS 09 is the biggest single accountancy change in years. The global financial crisis has placed the banking industry under great scrutiny. One of the criticisms raised has been the way in which financial instruments were accounted for under International Accounting Standard 39, which is the predecessor to IFRS 9. It claimed that some requirements of IAS 39 did not result in the timely recognition of credit losses, sometimes called the “too little, too late” problem. It was also claimed that IAS 39 is too complex.

To address these criticisms:

- The timing and measurement of impairment allowances is being changed.

- The classification and measurement of financial assets is arguably being simplified.

- Some of the complexity in hedge accounting has been reduced

Main objectives for this course:

- Gain a good insight of the aspects relating to classification and measurement of financial assets, the impairment methodology and hedge accounting

- Analyse the main changes and assess potential impacts

- Take a practical look at the new key variables introduced in the impairment methodology

- Gain an understanding of the disclosure requirements

This course is being delivered by Robert Ancilleri. Robert has been appointed Chief Accounting Officer at HSBC Bank Malta p.l.c. in December 2014. He holds a Bachelor of Accountancy (Honours) degree from the University of Malta and is a Certified Public Accountant. Robert holds a practising Certificate in Auditing and is a member of the Malta Institute of Accountants. Prior to HSBC he occupied senior management positions, responsible for finance at Banif Bank (Malta) p.l.c. and Volksbank Malta Group. Prior to moving into banking into 2003, Robert worked in audit and business consultancy with MSD & Co. (used to represent Arthur Andersen in Malta) and Ernst & Young.

For further information about the full programme visit our webpage on www.castilleinstitute.com.

To reserve a seat call Castille Institute on 20933280 or send an email to institute@castilleresources.com.  A discounted price is available for students.  Booking is subject to availability and on presentation of a valid student card.

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