Moving from IAS 39 to IFRS 9 –
Lessons learned and current status of IFRS 9
The introduction of IAS comprised a paradigm shift in accounting. Now, the introduction of IFRS 9 represents a new challenge. The requirements for classifying, valuing and hedging financial instruments will be revised completely. Depending on the way they were implemented, there is a high chance that current IAS 39 solutions must be discontinued, unless major effort is spent to keep them in operation.
It is time to analyse the impact of IFRS 9 on the process chain of accounting
This webinar provides an analysis of lessons learned while implementing IAS39, in addition to a summary and explanation of the latest IFRS 9 requirements.
Topics covered:
- Experience gained while implementing IAS 39
- IASB schedule for IFRS 9
- Replacing IAS 39 by IFRS 9 in 3 phases:
- Schedule and functional requirements of each phase
Some of the questions that will be addressed while detailed information is shared:
- What does the introduction of new accounting categories mean?
- Which changes are planned for the calculation of the effective interest rate?
- Does the introduction of the “expected loss model” lead to a standardisation of finance and risk?
Dr. Karl Kirchgesser is in charge of the IAS/IFRS solution suite design at FERNBACH. He will share the experience gained in international IAS/IFRS project implementation, combined with the latest status of IFRS 9 requirements.
