IFRS 9 Workshop | KPMG | BS

IFRS 9 Workshop

The IFRS 9 workshop will enable participants to have a detailed understanding of the new standard.

4 October 2017 - 5 October 2017, 9:00AM - 5:00PM, EST Nassau, Bahamas

KPMG invites you to attend a IFRS 9 Financial Instruments: Impairment & Credit Modelling Workshop

Date: 4-5 October 2017
Time: 9:00am - 5:00pn daily
Location: Melia Nassau Beach
Cost: $200

The IFRS 9 workshop will enable participants to have a detailed understanding of the new standard. The impairment section is the most challenging area with respect to the transition from IAS 39 to IFRS 9 compliance for financial institutions, both local and international. The quantitative modelling requirements under IFRS 9 can be technically challenging and complex; therefore, the scope of the material will reflect a realistic level of mathematical knowledge that target audience will possess.

The workshop will include illustrative examples and several rounds of exercises for participants to complete in order for the workshop to be as practical and useful as possible. The end result is that participants will be able to drive the transition and implementation process accordingly. Topics to include:

  • The modelling approach in terms of 12 month and lifetime expected loss,
  • Defining a significant increase in credit risk,
  • IFRS 9 backstop definitions,
  • Incorporating forward looking information,
  • Treatment for partial/overpayment and cured loans,
  • Use of scenarios for non-linear assumptions,
  • Governance and controls for those charged with governance

This workshop has been approved by the Bahamas Institute of Chartered Accountants (BICA) for 7.00 CPD hours per day.

Please RSVP to Holley Wilkinson at hwilkinson@kpmg.com.bs by 28 September 2017, if you are interested in participating.

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