Format: Live instructor-led online training via Zoom / Microsoft Teams

IFRS 9 for Banks and Other Financial Institutions Training Course

The implementation of International Financial Reporting Standard 9 (IFRS 9) has fundamentally transformed financial reporting, credit risk management, impairment assessment, and financial instrument accounting for banks and other financial institutions worldwide. IFRS 9 introduces a forward-looking Expected Credit Loss (ECL) model, replacing the incurred loss approach under IAS 39, and requires financial institutions to strengthen their risk management frameworks, credit assessment methodologies, provisioning processes, and financial reporting systems. As regulatory scrutiny and stakeholder expectations continue to increase, financial institutions must develop robust capabilities to ensure full compliance with IFRS 9 requirements while enhancing transparency, accuracy, and consistency in financial reporting.

This comprehensive training course provides participants with practical knowledge and technical expertise in IFRS 9 classification and measurement, expected credit loss modeling, impairment calculations, staging assessments, hedge accounting, governance frameworks, and disclosure requirements. Participants will gain a thorough understanding of how IFRS 9 affects financial statements, capital adequacy, risk management practices, regulatory compliance, and strategic decision-making within banking and financial institutions. The course incorporates international best practices, regulatory expectations, and practical implementation approaches used by leading financial organizations.

As financial institutions continue to face evolving credit risks, economic uncertainties, and regulatory challenges, the need for professionals with strong IFRS 9 competencies has become increasingly important. This course emphasizes the integration of accounting, finance, risk management, data analytics, and governance processes to support effective IFRS 9 implementation. Participants will learn how to design ECL models, evaluate significant increases in credit risk, apply staging methodologies, manage model validation processes, and enhance governance and compliance frameworks across their organizations.

Through practical exercises, impairment calculations, financial reporting simulations, case studies, model validation workshops, and interactive discussions, participants will strengthen their ability to implement, manage, monitor, and optimize IFRS 9 compliance programs. Upon successful completion, participants will be equipped to support financial reporting excellence, improve risk management practices, strengthen regulatory compliance, and enhance organizational decision-making in accordance with IFRS 9 requirements.

Course Objectives

1.     Understand the principles and requirements of IFRS 9.

2.     Strengthen knowledge of classification and measurement of financial instruments.

3.     Develop competencies in Expected Credit Loss (ECL) modeling.

4.     Improve impairment assessment and staging methodologies.

5.     Enhance financial reporting and disclosure practices.

6.     Strengthen governance and compliance frameworks for IFRS 9.

7.     Improve integration between risk management and accounting functions.

8.     Develop model validation and monitoring capabilities.

9.     Enhance regulatory reporting and audit preparedness.

10.  Promote effective implementation of IFRS 9 across financial institutions.

Organization Benefits

1.     Improved compliance with IFRS 9 requirements.

2.     Enhanced accuracy of financial reporting and disclosures.

3.     Strengthened credit risk management frameworks.

4.     Improved Expected Credit Loss estimation processes.

5.     Better integration of finance and risk management functions.

6.     Enhanced governance and internal control systems.

7.     Improved regulatory compliance and audit readiness.

8.     Increased transparency and stakeholder confidence.

9.     Reduced financial reporting risks and inconsistencies.

10.  Strengthened institutional resilience and financial performance.

Target Participants

·       Chief Financial Officers

·       Finance Managers

·       Financial Controllers

·       Risk Managers

·       Credit Risk Analysts

·       Internal Auditors

·       External Auditors

·       Compliance Officers

·       Regulatory Reporting Specialists

·       Treasury Managers

·       Financial Analysts

·       Banking Supervisors

·       Accountants in Financial Institutions

·       IFRS Implementation Teams

·       Banking and Finance Professionals

Course Outline

Module 1: IFRS 9 Framework and Financial Instruments Classification

·       Overview of IFRS 9 principles and objectives

·       Key differences between IAS 39 and IFRS 9

·       Classification of financial assets and liabilities

·       Business model assessment requirements

·       SPPI (Solely Payments of Principal and Interest) testing

·       Case Study: Financial asset classification in a commercial bank

Module 2: Expected Credit Loss (ECL) Modeling and Impairment

·       Introduction to Expected Credit Loss methodology

·       Components of ECL: PD, LGD, and EAD

·       Forward-looking information and macroeconomic scenarios

·       Lifetime versus 12-month expected credit losses

·       Building and validating ECL models

·       Case Study: Developing an ECL model for loan portfolios

Module 3: Credit Risk Staging and Significant Increase in Credit Risk

·       Three-stage impairment framework

·       Determining significant increase in credit risk (SICR)

·       Credit risk indicators and assessment criteria

·       Stage transfers and portfolio monitoring

·       Treatment of defaulted and credit-impaired assets

·       Case Study: Portfolio staging and impairment assessment

Module 4: Hedge Accounting and Financial Reporting Requirements

·       Hedge accounting principles under IFRS 9

·       Risk management alignment and hedge effectiveness

·       Accounting treatment for hedging instruments

·       Financial statement presentation requirements

·       Disclosure and reporting obligations

·       Case Study: Hedge accounting application in financial institutions

Module 5: Governance, Validation, and Regulatory Compliance

·       Governance frameworks for IFRS 9 implementation

·       Model risk management and validation

·       Internal controls and compliance monitoring

·       Audit considerations and regulatory expectations

·       Documentation and policy development

·       Case Study: Strengthening IFRS 9 governance and controls

Module 6: IFRS 9 Implementation Challenges and Best Practices

·       Common implementation challenges and solutions

·       Data management and system integration requirements

·       Stress testing and scenario analysis

·       Continuous model monitoring and recalibration

·       Future developments and emerging regulatory expectations

·       Case Study: Successful IFRS 9 implementation in a financial institution

General Information

1.     Customized Training: All our courses can be tailored to meet the specific needs of participants.

2.     Language Proficiency: Participants should have a good command of the English language.

3.     Comprehensive Learning: Our training includes well-structured presentations, practical exercises, web-based tutorials, and collaborative group work. Our facilitators are seasoned experts with over a decade of experience.

4.     Certification: Upon successful completion of training, participants will receive a certificate from Foscore Development Center (FDC-K).

5.     Training Locations: Training sessions are conducted at Foscore Development Center (FDC-K) centers. We also offer options for in-house and online training, customized to the client's schedule.

6.     Flexible Duration: Course durations are adaptable, and content can be adjusted to fit the required number of days.

7.     Onsite Training Inclusions: The course fee for onsite training covers facilitation, training materials, two coffee breaks, a buffet lunch, and a Certificate of Successful Completion. Participants are responsible for their travel expenses, airport transfers, visa applications, dinners, health/accident insurance, and personal expenses.

8.     Additional Services: Accommodation, pickup services, freight booking, and visa processing arrangements are available upon request at discounted rates.

9.     Equipment: Tablets and laptops can be provided to participants at an additional cost.

10.  Post-Training Support: We offer one year of free consultation and coaching after the course.

11.  Group Discounts: Register as a group of more than two and enjoy a discount ranging from 10% to 50%.

12.  Payment Terms: Payment should be made before the commencement of the training or as mutually agreed upon, to the Foscore Development Center account. This ensures better preparation for your training.

13.  Contact Us: For any inquiries, please reach out to us at training@fdc-k.org or call us at +254712260031.

14.  Website: Visit our website at www.fdc-k.org for more information.