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IFRS 9 Financial Instruments Training Course is a comprehensive and practical professional programme designed to equip accounting, finance, banking, audit, risk management, treasury, and financial reporting professionals with advanced knowledge and practical skills in the application of International Financial Reporting Standard 9 (IFRS 9) Financial Instruments. The course provides an in-depth understanding of the recognition, classification, measurement, impairment, and hedge accounting requirements under IFRS 9, enabling participants to manage complex financial instruments and strengthen financial reporting compliance. Particular emphasis is placed on the three core areas of IFRS 9: classification and measurement of financial assets and financial liabilities, expected credit loss (ECL) impairment, and hedge accounting.
The programme examines the classification and measurement of financial assets based on the business model and contractual cash-flow characteristics, including amortised cost, fair value through other comprehensive income (FVOCI), and fair value through profit or loss (FVTPL). Participants will explore financial liabilities, embedded derivatives, modification and derecognition requirements, fair value measurement, effective interest rate calculations, and accounting for complex financial instruments. The training also addresses practical IFRS 9 implementation challenges affecting banks, financial institutions, corporations, government entities, NGOs, development organizations, insurance-related entities, investment organizations, and other entities holding or issuing financial instruments.
A major focus of the course is the IFRS 9 expected credit loss model, including the 12-month expected credit loss approach, lifetime expected credit losses, significant increases in credit risk, staging methodology, probability of default, loss given default, exposure at default, forward-looking information, macroeconomic scenarios, credit risk modelling, and provisioning. Participants will learn how to assess credit risk and calculate, document, monitor, and disclose expected credit losses for loans, trade receivables, debt instruments, lease receivables, and other financial assets. The course also covers hedge accounting, including qualifying criteria, hedging relationships, documentation, effectiveness, cash-flow hedges, fair-value hedges, and net investment hedges.
Through practical exercises, financial reporting examples, group discussions, and relevant general case studies, participants will develop the ability to apply IFRS 9 principles to real-world financial transactions and reporting scenarios. The programme will enable participants to evaluate financial instrument portfolios, determine appropriate accounting classifications, calculate impairment provisions, assess credit risk, prepare IFRS 9 disclosures, and establish effective internal controls. By the end of the training, participants will be better prepared to support IFRS 9 implementation, financial instrument accounting, credit risk management, financial reporting, audit readiness, regulatory compliance, and strategic financial risk management.
1. Understand the scope, principles, objectives, and key requirements of IFRS 9 Financial Instruments.
2. Apply IFRS 9 requirements for the recognition, classification, and measurement of financial assets and financial liabilities.
3. Distinguish between amortised cost, FVOCI, and FVTPL classifications using business model and contractual cash-flow assessments.
4. Apply the IFRS 9 expected credit loss model to loans, receivables, debt instruments, and other financial assets.
5. Assess significant increases in credit risk and apply appropriate 12-month and lifetime expected credit loss requirements.
6. Understand probability of default, loss given default, exposure at default, forward-looking information, and macroeconomic scenarios used in ECL calculations.
7. Apply IFRS 9 derecognition, modification, fair value, effective interest rate, and financial liability accounting requirements.
8. Understand and apply IFRS 9 hedge accounting requirements, including cash-flow hedges, fair-value hedges, and net investment hedges.
9. Prepare appropriate IFRS 9 financial instrument disclosures, documentation, governance, and internal controls.
10. Strengthen organizational capacity to implement, monitor, audit, and maintain IFRS 9-compliant financial instrument accounting and risk management processes.
1. Strengthens compliance with IFRS 9 Financial Instruments accounting and reporting requirements.
2. Improves the accuracy and consistency of financial asset and financial liability classification and measurement.
3. Enhances the quality of expected credit loss calculations and impairment provisioning.
4. Strengthens credit risk identification, measurement, monitoring, and management.
5. Improves financial reporting transparency and the quality of financial instrument disclosures.
6. Supports stronger financial risk management through effective use of IFRS 9 methodologies and controls.
7. Enhances audit readiness and reduces risks associated with financial instrument accounting errors.
8. Improves integration between finance, accounting, credit risk, treasury, audit, and risk management functions.
9. Supports better management of loan portfolios, receivables, investments, derivatives, and other financial instruments.
10. Builds organizational capacity to maintain sustainable IFRS 9 implementation, governance, monitoring, and regulatory compliance.
The course is designed for Chief Financial Officers (CFOs), Finance Directors, Financial Controllers, Chief Accountants, Senior Accountants, Financial Reporting Managers, Management Accountants, IFRS Specialists, Financial Analysts, Bank Accountants, Credit Risk Managers, Credit Analysts, Risk Managers, Treasury Managers, Investment Managers, Internal Auditors, External Auditors, Audit Managers, Compliance Officers, Financial Modelling Specialists, Banking Professionals, Microfinance Professionals, Insurance and Investment Professionals, regulatory reporting specialists, and professionals responsible for financial instruments, credit risk, impairment, treasury, accounting, auditing, and IFRS financial reporting.
1. Introduction to IFRS 9 Financial Instruments, objectives, scope, key principles, and relationship with other IFRS Accounting Standards.
2. Definition and identification of financial assets, financial liabilities, equity instruments, derivatives, and other financial instruments.
3. Initial recognition, transaction-date accounting, fair value at initial recognition, and transaction costs.
4. Financial instrument contracts, contractual cash flows, embedded features, and identification of complex financial instruments.
5. IFRS 9 implementation, accounting policies, governance, documentation, controls, and financial reporting requirements.
6. General Case Study: Reviewing an organization’s portfolio of loans, investments, receivables, payables, and derivatives and determining which instruments fall within IFRS 9.
1. IFRS 9 classification principles based on the business model and contractual cash-flow characteristics.
2. Financial assets measured at amortised cost, including effective interest rate and subsequent measurement.
3. Financial assets measured at fair value through other comprehensive income (FVOCI).
4. Financial assets measured at fair value through profit or loss (FVTPL) and accounting for fair value changes.
5. Classification and measurement of financial liabilities, including amortised cost, FVTPL, and related requirements.
6. General Case Study: Classifying a portfolio of loans, bonds, trade receivables, equity investments, and other financial assets under IFRS 9 based on business model and contractual cash-flow characteristics.
1. Introduction to the IFRS 9 expected credit loss (ECL) model and transition from the incurred-loss approach.
2. Understanding 12-month expected credit losses, lifetime expected credit losses, and the three-stage impairment model.
3. Assessing significant increases in credit risk (SICR) and determining appropriate impairment stages.
4. Probability of default (PD), loss given default (LGD), exposure at default (EAD), discounting, and expected cash-flow calculations.
5. Forward-looking information, macroeconomic scenarios, probability-weighted outcomes, credit risk modelling, and management overlays.
6. General Case Study: Calculating expected credit losses for a financial institution’s loan portfolio and assigning exposures to appropriate IFRS 9 impairment stages.
1. Derecognition of financial assets and financial liabilities, transfer of risks and rewards, and continuing involvement.
2. Modification of financial assets and liabilities, substantial modification, accounting treatment, and gain or loss recognition.
3. Fair value measurement, valuation techniques, observable and unobservable inputs, and fair value hierarchy.
4. Effective interest rate calculations, amortised cost schedules, transaction costs, premiums, discounts, and interest recognition.
5. Derivatives, embedded derivatives, convertible instruments, contractual features, and accounting considerations for complex financial products.
6. General Case Study: Evaluating a modified loan agreement, investment security, and derivative contract to determine appropriate IFRS 9 recognition, measurement, modification, and derecognition treatment.
1. Introduction to IFRS 9 hedge accounting objectives, eligibility criteria, documentation, and qualifying hedging relationships.
2. Fair-value hedge accounting, identification of hedged items, hedging instruments, and recognition of changes in fair value.
3. Cash-flow hedge accounting, effective and ineffective portions, other comprehensive income, and subsequent reclassification.
4. Net investment hedges, foreign currency risk, interest rate risk, commodity risk, and other eligible financial risks.
5. Hedge effectiveness, risk management strategies, hedge ratios, rebalancing, discontinuation, and hedge accounting documentation.
6. General Case Study: Designing and documenting a cash-flow hedge for an organization exposed to foreign currency and interest rate risks and evaluating its accounting impact.
1. IFRS 9 financial instrument disclosures, credit risk, liquidity risk, market risk, impairment, and accounting policy requirements.
2. Expected credit loss disclosures, reconciliation of loss allowances, credit risk exposure, staging information, and significant assumptions.
3. IFRS 9 governance, internal controls, model validation, data quality, documentation, audit trails, and management oversight.
4. Integration of IFRS 9 accounting with credit risk management, treasury, financial reporting, regulatory reporting, and enterprise risk management.
5. IFRS 9 implementation roadmap, gap assessment, systems requirements, staff capacity building, monitoring, and continuous improvement.
6. General Case Study: Developing an IFRS 9 implementation and governance framework for a financial institution covering classification, ECL, hedge accounting, disclosures, controls, and audit readiness.
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, flight 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.