IFRS 9 replaces International Accounting Standard (IAS) 39. This is in respect to the methodology used in providing for uncertainties in economic benefits of financial assets, loans or debts issued by financial institutions (impairment provisions on financial instruments).
The new standard is effective from 1 January 2018 and affects any financial statements prepared after the date. With the rate at which Technology is evolving, IFRS9 Training is a necessity for any forward thinking Organisation. Staff that want to be distinct in the practical knowledge of pre and post implementation of IFRS 9 and Organisations that wants to meet and exceed Stake holders expectations should be Training with FinTrak IFRS 9 training consultants.
FinTrak Software was the first FinTech solution provider to assist banks on IFRS 9 practical Training and Implementation across West and East Africa.
Key terms and concepts
Assessment of significant increase in credit risk
Loss given default
Collateral and credit enhancements
Probability of Default
The cornerstone of ECL
Measurement of expected credit losses
Modifications of Financial Assets
IFRS 9 Pre & Post-Implementation Strategy
Effect on the Nigerian mortgage sector