There’s a perception that IFRS 9 only has big changes for banks, however, the impact on Corporates is also significant.
This workshop takes the perspective of the non-financial services Corporate in looking at key aspects of the new standard, including the new approaches to the classification & measurement of financial assets (business model and SPPI tests) and impairment (the new “expected credit loss” model). The workshop focusses on the practical considerations for companies operating outside the financial services area and provides a clearer understanding of the possible impact in applying the new standard.
Participants will have the opportunity to increase their knowledge of the requirements of the new standard, including new models and accounting which have been introduced.
The seminar emphasises aspects of the standard which might be more relevant to non-financial services companies. This provides preparers and auditors with an opportunity to receive a more focussed delivery of key changes which the new standard brings and consider how these might apply to them.
Who should attend
DATES: 6 Jun
DURATION: 5 Hours
CPD UNITS: 4.5
LOCATION: EIMF Premises, Nicosia
TIME: 09:00 - 14:00
FEES: €140 + VAT
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Participants will receive a certificate for successful participation indicating all topics covered
If you need help completing the online registration form, please give us a call at 2227 4470 or email us at firstname.lastname@example.org
Trainer: Derek Carmichael
Derek is a Chartered Accountant and IFRS specialist with over 20 years of experience in accounting and financial reporting globally. After originally training with Deloitte in Scotland, Derek spent two years in New York with PwC leading the audits of financial statements and internal control of SEC-listed utilities companies. Derek transferred to PwC London in 2006 to lead the audits of several oil & gas and utilities companies, also becoming involved with the development and delivery of IFRS training material.
In 2009, Derek joined PwC’s centre responsible for advising large companies and the global network of accounting consultants in complex IFRS accounting issues. He authored many thought-leadership publications including industry-specific accounting manuals and guides. He also provided training to the global PwC network and presented a number of short videos and a live webcast with IASB staff on the new IFRS 16 Leases and IFRS 9 Financial Instruments standards. Now living in Cyprus, Derek provides training solutions across a range of IFRS topics. He is a member of the Institute of Chartered Accountants of Scotland and holds a Batchelor degree from the Strathclyde University Business School.