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Accounting for Financial Instruments and Consolidation in Banks (IFRS 9 and IFRS 10)

London Financial Studies
En London (Inglaterra)
1 opinión

£ 2.550 - (3.030 )
+ IVA

Información importante

  • Short course
  • London (Inglaterra)
  • Duración:
    2 Days
  • Cuándo:
    A elegir
Descripción

This course will give you a deep understanding of the challenges faced by banks when applying financial instruments including derivatives accounting under IFRS 9 and when assessing whether a structured entity (i.e. a special purpose vehicle) should be consolidated under IFRS 10.

Información importante
¿Qué objetivos tiene esta formación?

The seminar has a practical approach and is split into two modules. The first module covers financial instruments accounting under IFRS 9. Learning is based on a heavy use of real examples, taken from the practical discussions that the teacher has had with European global banks. Derivatives, repos and contingent convertible (CoCos) are covered in detail.

The second module covers consolidation of structured entities under IFRS 10. The module is taught with a hands on approach, dissecting and performing a step by step assessment of two real life cases: (i) an RBS deleveraging securitisation executed with Blackstone and (ii) an investment fund sponsored by Deutsche Bank.

¿Esta formación es para mí?

Accounting and regulatory capital professionals at banks
Banking auditors at accounting firms
Credit and equity research analysts
Banking regulators
Basel III optimization structurers in investment banks

Requisitos: Basic understanding of a bank´s financial statements Basic understanding of repos, interest rate swaps and credit default swaps Basic understanding of securitisations

Instalaciones y fechas

Dónde se imparte y en qué fechas

Inicio Ubicación
A elegir
London
34 Curlew Street, se12nd, London, Inglaterra
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Opiniones

A

11/10/2016
Lo mejor This was a pleasant course with a decent wide foundation on applicable bookkeeping points with genuine illustrations.

A mejorar Nothing.

Curso realizado: Octubre 2016 | Recomendarías este centro? Sí.

¿Qué aprendes en este curso?

Contracts
IAS
IFRS
Returns
Financial
Equity
Financial Training
Derivatives
Repos
Financial Instruments
Investments
Financial Assets
Accounting
IFRS
Financial liabilities
Derivatives
Macrohedging
Consolidation conclusion
Compound instruments

Temario

Day One

Accounting for financial instruments Applying IFRS 9 in banking
Conceptual Framework
  • Introduction to IFRS 9
  • Interaction with other IFRS standards
Case study: Deutsche Bank's financial instruments recognition
  • Financial assets classification under IFRS 9. Comparison to IAS 39
  • Financial liabilities classification under IFRS 9. Comparison to IAS 39
  • Deutsche Bank´s balance sheet structure
  • Deutsche Bank´s OCI structure
Case study: Lehman Brothers repo 108
  • Accounting for repos
  • Lehman´s Repo 108
  • Repos to maturity
Case study: Applying hedge accounting: asset swap of an inflation linked bond
  • Accounting for derivatives – Hedge accounting
  • Fair valuation under IFRS 13: CVAs and DVAs
  • Asset swap rationale
  • Hedge documentation
  • Hedge fair valuation and testing
  • Accounting entries
Case study: Macrohedging (under IAS 39)
  • Explanation of the objectives
  • Steps to its application and its weaknesses under IAS 39
  • IFRS 9 macrohedging project
Case study: Monte dei Paschi Siena long term repo and asset swap restatement
  • Asset swap and long term repo rationale
  • Accounting implications
Case study: Erste Bank financial guarantee contracts restatement
  • Hedging credit risk under IFRS 9
  • Credit default swaps vs financial guarantee contracts
  • Erste Bank´s financial guarantee contracts restatement
Case study: Accounting for contingent convertibles (CoCos)
  • Hybrid vs compound instruments
  • CoCo types and mechanics: trigger events and recovery values
  • UBS’s CoCo Accounting for principal write off CoCos
  • Barclays’s CoCo Accounting for convertible into equity CoCos
Financial assets impairment under IFRS 9
  • The three bucket model
  • Good book vs bad book
Case study: Greek government bonds restructuring accounting

Day Two

Deleveraging balance sheets and assessing consolidation Applying IFRS 10 in banking
Introduction
  • IFRS 10 – The theoretical framework
Case study: Equity method consolidation
  • Equity investments recognition
  • Accounting mechanics of equity method consolidated investments
  • Accounting impact of partial disposals
Workshop: RBS’s securitisation with Blackstone
  • Structured entity set up
  • Deleveraging rationale
  • Design of the securitisation structure
  • Identification of the relevant activities
  • Decision making of the relevant activities
  • Ability of RBS’s rights to direct activities
  • Assessment of RBS exposure to variable returns
  • RBS ability to affect returns through power
  • Consolidation conclusion
Workshop: Deutsche Bank consolidation analysis of ETFs and other investment funds
  • Deutsche Bank´s investment funds
  • Identification of the relevant activities
  • Decision making of the relevant activities
  • Ability of RBS’s rights to direct activities
  • Assessment of RBS exposure to variable returns
  • RBS ability to affect returns through power: Agent vs principal
  • Consolidation conclusion
De recognition in practice
  • Case study: Goldman Sachs arbitrage between corporate bond and CDS market
  • Case study: Covered bonds
Case study: Analysis of UBS's structured entities disclosure – IFRS 12
  • Main principles of IFRS 12
  • UBS disclosure