IFRS For Financial Instruments

ORGANISED BY OFFICIAL REGIONAL RECRUITMENT PARTNER

Brand new course for 2012 covering IFRS 7, IFRS 9, IAS 32 & 39

IFRS For Financial Instruments Understand and implement effective risk management for financial instruments including IFRS 7, IFRS 9, IAS 32 & 39 9 – 12 April 2012 • Dusit Thani Hotel, Dubai, UAE

3 Key Learning Objectives 1. Identify the critical regulatory issues and be able to select and design financial policies best suited to your organisation 2. Successfully prepare for Follow us on: www.twitter.com/iirmiddleeast

IFRS 9 migration challenge 3. Recognise the opportunities

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and overcome the challenges

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in first time adoption of IFRS

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IFRS For Financial Instruments 9 – 12 April 2012 • Dusit Thani Hotel, Dubai, UAE Why Should You Attend This Course?

Meet Your Expert Course Leaders

Recession in the world economy has highlighted

Prof. Arif Ahmed is a Chartered Accountant and MBA (Finance) and has more than twenty years of experience under his belt in the area of finance and risk management.

In addition to training, Prof. Ahmed has assisted many organisations to design and implement financial management and control systems across various industries including media, metals and minerals, logistics, banking, engineering, energy, hospitality, paper, etc. He is one of the most sought after speaker for his inimitable style of blending concepts with application in industry.

the importance of risk management and more specifically the importance of identifying and measuring risk on the balance sheet. Financial instruments are one of the most critical components of risk. They are on one hand risk mitigants and on the other hand an identifier of existence of risk. Understanding the complexities of financial instruments would allow every corporate to be geared up to face the risk events.

This course will cover the entire range of financial instruments right upto complex implementation issues involved. Many fundamentals of the financial instrument standards will be discussed, so will the complex issues involving implementation and transition. A special segment focuses on IFRS 9 and its

Prof. Ahmed is the Director of South Asian Management Technologies Foundation based in India. He has authored books in the area of finance and management.

implication on the existing scenario. Thus the course will benefit you irrespective of whether you are a fresher or one who is already working on IFRS. The value addition process will be augmented by plenty of case studies.

Who Should Attend?

The course will be beneficial for all those who are involved in the management of financial assets and liabilities on a balance sheet. The course will be particularly helpful for Professional Accountants, CFO, Finance Directors, Bankers, Corporate Bankers, Auditors, Portfolio Managers, Auditors and Corporate Analysts.

Prof. Veena Hingarh is a Chartered Accountant, Qualified Company Secretary, and a Certified Information System Auditor. A career rank-holder Prof. Veena focuses on the areas of finance and their interface with information technology as her specialisation. The delegates gain from her insight into the working of finance and its integration with IT. Prof. Veena is the Joint Director of South Asian Management Technologies Foundation, India.

Prof. Arif and Prof. Veena have also co-authored two books - Handbook on IFRS and Manual of Information System Audit - both being reviewed positively by the readers.

Would you like to run this course in-house?

The in-house training division of IIR Middle East Tel: +971 4 407 2624 • Email: CTS@iirme.com www.iirme.com/cts

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Course Timings Registration will be at 07:30 on the first day. The course will commence at 08:00 every day and finish at 14:30. There will be breaks for refreshments at approximately 10:30 and 12:30 and lunch will be served at the end of each day’s session.

Day One

Day Three

The Background

IFRS 9

• Risk management and IFRS

• Background and scope

• Financial instruments and IFRS

• Initial measurement of financial assets • Subsequent measurement of financial assets • Cost and fair value

IAS 32: Financial Instruments: Presentation

• Classification considerations

• Differentiating liabilities and equity • Compound financial instruments – identification and accounting

• Changes from IAS 39 classifications • Initial classification and reclassifications • Equity instruments – general measurement requirement

Financial Instruments – Recognition And Measurement:

• Debt instruments – general measurement requirement

IAS 39

• Two tests

• Classification of financial asset and liability

- Business model test

• Reclassification requirements and alternatives

- Cash flow characteristics test

• Recognising financial instruments

• Guidelines on accounting mismatch

• Measuring financial assets and liabilities

• Derecognition and presentation

• Measurement at recognition and after recognition

• Recognition alternatives for valuation changes

• Impairment and reversal

• Impairment changes

• Derecognising financial assets and liabilities

• Derecognition and presentation

Day Two

Risk Management Primer • Identification and measurement - Credit risk

Hedge Accounting • Hedge accounting fundamentals • Types of hedges • Accounting for cash flow and fair value hedges

- Liquidity risk - Market risk • Sensitivity analysis

• Qualifying criteria for hedge accounting

Day Four

• Discontinuing hedge accounting Implementation Issues Derivatives

• Illiquid markets

• Overview of derivatives

• Embedded derivatives – recognition and accounting

• Identifying derivatives

• Measurement of fair value • Foreign currency considerations

IFRS 7: Financial Instruments: Disclosures

• Contractually linked instruments

• Disclosure requirement

• Non-recourse lending

• Level of disclosure needed • Qualitative disclosures • Quantitative disclosures

• Impact of IFRS 9 • Disclosures in published accounts First Time Adoption

• Sample disclosures

• Mandatory accounting exception • Optional exceptions

IFRIC

Selecting An Appropriate Policy

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IFRS For Financial Instruments 9 – 12 April 2012 • Dusit Thani Hotel, Dubai, UAE FIVE WAYS TO REGISTER IIR Holdings Ltd. P.O Box 21743 Dubai, UAE

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DISCOUNTS AVAILABLE FOR 2 OR MORE PEOPLE CALL – 971-4-3352483 E-MAIL – a.watts@iirme.com BC4334 Event

Course Fee Before 23 January 2012

Course Fee Before 13 February 2012

Final Fee

US$ 3,895

US$ 4,395

US$ 4,695

IFRS For Financial Instruments

9 – 12 April 2012

WOULD YOU LIKE TO RUN THIS COURSE INͳHOUSE?

Course fees include documentation, luncheon and refreshments. Delegates who attend all sessions will receive a Certificate of Attendance.

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A confirmation letter and invoice will be sent upon receipt of your registration. Please note that full payment must be received prior to the event. Only those delegates whose fees have been paid in full will be admitted to the event. You can pay by company cheques or bankers draft in Dirhams or US$. Please note that all US$ cheques and drafts should be drawn on a New York bank and an extra amount of US$ 6 per payment should be added to cover bank clearing charges. In any event payment must be received not later than 48 hours before the Event. Entry to the Event may be refused if payment in full is not received.

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Cancellation If you are unable to attend, a substitute delegate will be welcome in your place. Registrations cancelled more than 7 days before the Event are subject to a $200 administration charge.

Registration fees for registrations cancelled 7 days or less before the Event must be paid in full. Substitutions are welcome at any time.

Avoid Visa Delays - Book Now Delegates requiring visas should contact the hotel they wish to stay at directly, as soon as possible.

Visas for non-GCC nationals may take several weeks to process.

All registrations are subject to acceptance by IIR which will be confirmed to you in writing.

Due to unforeseen circumstances, the programme may change and IIR reserves the right to alter the venue and/or speakers.

Event Venue: Dusit Thani Hotel, Dubai, UAE Tel: 971-4-3433333 Accommodation Details We highly recommend you secure your room reservation at the earliest to avoid last minute inconvenience. You can contact the IIR Hospitality Desk for assistance on: Tel: +971-4-4072693 Fax: +971-4-4072517 Email: hospitality@iirme.com © Copyright I.I.R. HOLDINGS B.V.

SH/ST FN FINANCE

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