IFRS 9, 15, 16 Financial Reporting Training Course

This course provides a comprehensive understanding of three critical International Financial Reporting Standards (IFRS): IFRS 9 (Financial Instruments), IFRS 15 (Revenue from Contracts with Customers), and IFRS 16 (Leases). Participants will learn the practical application of these standards, their implications on financial statements, and how to ensure compliance. The course emphasizes case studies and real-world scenarios to strengthen reporting accuracy and decision-making.

Target Groups

• Finance managers and accountants
• Auditors and compliance officers
• Financial controllers and analysts
• Corporate treasurers
• Professionals involved in financial reporting and disclosures
• Students pursuing advanced accounting and finance qualifications

Course Objectives

By the end of this course, participants will be able to:

1. Understand the scope and principles of IFRS 9, 15, and 16.
2. Apply classification, measurement, and impairment rules under IFRS 9.
3. Accurately recognize and measure revenue under IFRS 15’s five-step model.
4. Implement IFRS 16 requirements for leases in lessee and lessor accounting.
5. Evaluate the financial statement impact of each standard.
6. Enhance compliance and transparency in reporting.
7. Apply disclosure requirements effectively.
8. Use case studies to resolve complex reporting challenges.
9. Analyze the implications of these standards on financial ratios and performance.
10. Stay updated on current implementation challenges and best practices.

Course Modules

Module 1: Introduction to IFRS Standards

• Importance of IFRS in global financial reporting
• Overview of IFRS 9, 15, and 16

Module 2: IFRS 9 – Financial Instruments

• Classification and measurement
• Expected credit loss model
• Hedge accounting

Module 3: IFRS 9 – Practical Applications

• Case studies on financial asset impairment
• Impact on banking and corporate finance

Module 4: IFRS 15 – Revenue from Contracts with Customers

• The five-step revenue recognition model
• Identifying performance obligations
• Allocating transaction prices

Module 5: IFRS 15 – Application Challenges

• Contract modifications
• Variable consideration
• Principal vs. agent considerations

Module 6: IFRS 16 – Leases

• Lessee accounting requirements
• Lessor accounting principles
• Recognition and measurement

Module 7: IFRS 16 – Practical Case Studies

• Transition approaches
• Financial statement impacts
• Industry-specific challenges

Module 8: Disclosure Requirements under IFRS 9, 15, 16

• Presentation in financial statements
• Notes and disclosures
• Best practices in reporting

Module 9: Impact on Financial Performance and Ratios

• Balance sheet and income statement effects
• Leverage, profitability, and liquidity analysis
• Investor implications

Module 10: Emerging Issues and Best Practices

• Post-implementation challenges
• Common audit findings
• Future updates in IFRS standards