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
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Coordination Team :
1 . Atul Chandra Pandit2 . Maksuda Khatun
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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.
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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
Training Program on “International Financial Reporting Standards (IFRS) with Special Focus on IFRS-9” for officers of Bangladesh Bank (Day program)