Overview :-

The main objective of applying the international standard is to move to a forward-looking model in recognizing the deterioration in the quality of credit, as this model does not require the occurrence of a specific event to record credit losses as much as it requires obtaining timely information about any of the indicators that It indicates the possibility of credit losses. It also requires recording Expected Credit Loss (ECL) at all times and classifying them on each disclosure date, to reflect the level of credit risk of financial instruments.

Course Objective :-  

  • Enhancing knowledge of modern requirements for measuring financial instruments and disclosure of risks in accordance with the International Reporting Standard Finance No. 9
  • To link between tool classification and business models
  • Presentation of current developments in how the Expected Credit Loss Model
  • Defining the basic principles of the Expected Credit Loss Model
  • Understanding and applying the Impairment process

The Main Threads :-  

  • An overview of the scope and objectives of the International Financial Reporting Standard (IFRS 9) and the approach to the new amendments
  • Classification of financial instruments at amortized cost or fair value
  • Impairment test on the individual and overall levels
  • The methodologies that will be adopted to calculate the Expected Credit Loss
  • Classification of major credit portfolios within the stages specified in the criteria.
  • the present value of future cash flows
  • Measurement of estimated credit losses within 12 months and over the life of the credit
  • Definition and transition from one category to another within the classification categories specified in the International Financial Reporting Standard (IFRS 9) That is, Stage 1, Stage 2 and Stage 3

Target Groups :-  

  • Account managers and their assistants and accountants
  • Financial managers and their assistants
  • Auditors
  • Audit managers and their employees
  • Financial executives
  • Financial systems staff and their assistants
  • Financial analysts
  • Managers of risk management and their assistants
  • Portfolio and investment managers and their assistants Treasury managers and their assistants
  • Executive departments in banks and financial institutions