IASB has published the new standard on financial instruments – IFRS 9. This standard replaces IAS 39. It is a new credit loss accounting standard that makes significant changes for recognition, measurement, and disclosures for estimated credit losses on financial assets.
Not only does this new standard have a significant impact on banks and other financial intermediaries making loans, it also affects all reporting entities across all industries because it applies broadly to financial instruments, including accounts receivable.
This new standard has far-reaching implications for companies because it impacts operations, data management, and internal controls over financial reporting. The course will cover an implementation of the new standard and detail appropriate governance
This course will help to clarify these issues and help you to get ready to plan your strategy for the transition to the modified standard.