International Financial Reporting Standards (IFRSs) with Special Focus on IFRS-9

• Title : International Financial Reporting Standards (IFRSs) with Special Focus on IFRS-9
• Course TYPE : Training Course
• Course No : STC01/2021
• Duration : 5
• Frequency : 2
• Time : Sunday 7th of March 2021 - Thursday 11th of March 2021
• Nature: On campus
• Target Group : officers of Bangladesh Bank
• Methods : Lecture, Group Discussion and Case Study
• Resource Person: BIBM Faculty and Professionals from Financial and other Institutions
• Coordination Team :
  1 . Atul Chandra Pandit
  2 . Maksuda Khatun
  
• Objectives:

  1. To familiarize the participants with IFRSs and their role in establishing a transparent financial market.

  2. To enhance the knowledge and skills of the participants on accounting and reporting issues concerning classification, recognition, measurement, and presentation of financial instruments covered under IFRS-9.

• Contents:
  • Basel Core Principles on Effective Banking Supervision with special focus on Disclosure and Transparency
  • Conceptual Framework of IFRS
  • Presentation of General-Purpose Financial Statements as per IAS-1
  • Understanding Components of Balance Sheet and Related Disclosure Framework of Banks as per BB Guideline
  • Understanding Components of Income Statement and related Disclosure Framework of Banks as per BB Guideline
  • IFRS and Local Regulations for Measurement and Presentation of Revenues and Expenses of Banks
  • Recognition of Financial Instruments as per IFRS 9
  • Classification of Financial Instruments under IFRS 9 with Special Focus on Banks and NBFIs
  • Initial and Subsequent Measurement of Financial Assets under IFRS 9 with Special Focus on Banks and NBFIs
  • Initial and Subsequent Measurement of Financial Liabilities, Equity, and OBS Activities under IFRS 9 with Special Focus on Banks and NBFIs
  • Comparison between Existing Provisioning Practices and Expected Credit Loss (ECL)
  • Impairment of Financial Assets, Expected Credit Loss and Provisioning as per IFRS 9
  • Derecognition of Financial Instruments as per IFRS 9
  • Hedge Accounting as per IFRS-9
  • Presentation of Financial Instrument as per IAS-32 and IFRS-9
  • Disclosure Requirement under IFRS 7
  • Gap between the Existing Practices of Financial Reporting by Banks in Bangladesh and IFRS Requirement
  • Disclosure Framework Under Pillar III of Basel III
  • Open Discussion on IFRS-9 and its Implementation Issues for Banks