Overview
This comprehensive course covers all the necessary aspects of IAS/IFRS and ensures delegates are confident in their implementation.
Who should attend
Back office officers, credit, loan and risk managers, accountants, financial controllers and auditors.
Course objectives
This two-day course enables delegates to:
> Get a good grasp of the differences between IFRS and UK GAAP accounting standards
> Understand credit and loans accounting within the IFRS standard
> Understand the implications in accounting information search and analysis
Course content
Overview
> Introducing the new standards in Europe
> The IFRS scope in the UK
> New concepts
Key Concepts
> Costs of entry
> Time Interest Earned (TIE)
> Depreciated costs and air value
> Known and visible risks, hidden risks
> Individual and collective write-offs
Loans and Credits within the IAS/IFRS Framework
> Assessment and accounting processes:
- loan analysis, loan acceptance, funds release, repayment schedule, interests payment and extra fees, other events, additional information
> Embedded derivative instruments:
- identifying embedded derivatives, separate accounting, assessing impact on valuation and accounting
> Off-market operations:
- identification, discounting methods and accounting, amortisation
Risky and Suspicious Loans
> Individual loans:
- depreciation methods, write-off, forward-carry, restructured debt, collecting related additional information
> Quick look on collective loans
Financing Facilities, Credits and Other Financing
> Operations mechanics
> Analysis and accounting principles
> Off-market financing
Surety and Financial Guarantees
> Operations mechanics
> Analysis and accounting principles
