Introduction

This workshop has been designed after receiving feedback of several clients and the participants who have attended different financial workshops held by us in last couple of years.

The training will be conducted in a interactive manner. Therefore, participation of attendees in group discussions and provision of examples is highly valuable. The workshop is divided into two modules IFRS 9 & basics of IFRS 15 to be delivered over all one day.

Learning Outcomes

  1. What are Financial Instruments
  2. Reasons for replacing IAS-39 (old standard on Financial Instruments) with IFRS-9
  3. What are the major differences b/w IAS-39 (Previous standard) and IFRS-9 (Current Standard)
  4. What are Financial Assets
    • Exercise on identifying Financial Assets
  5. What are Financial Liabilities Exercise on identifying Financial Liabilities
  6. What are the Classifications of Financial Assets (Debt instrument and equity instrument)
    • Business Model Criteria for classification of financial assets
    • Fair value
    • Amortized Cost
    • Illustrations on Classifications
  7. How Financial Assets are initially and subsequently measured.
    • Treatment of Fair value change
    • Treatment of transaction cost
  8. How Financial Assets are reclassified from one category to another along with examples.
    • Amortized cost to Fair value
    • Fair value to Amortized Cost
    • Fair value through OCI to FV through P/L and Vice Versa
  9. What are the Classifications of Financial Liabilities
    • Fair value
    • Amortized Cost
    • Illustrations on Classifications
  10. How Financial Liabilities are initially and subsequently measured.
    • Treatment of Fair value change
    • Treatment of transaction cost
    • Treatment of Fair value change due to deterioration in issuers of credit rating.
  11. What are hybrid instruments and their accounting treatment from Issuer perspective
    • Illustration and exercise on accounting treatment of hybrid instruments
    • Treatment of transaction cost
    • Accounting treatment for buy back of hybrid instruments
  12. Impairment loss
    • What is the difference b/w recognition of Impairment loss under IAS-39 and IFRS-9
    • Two approaches to calculating impairment loss under IFRS 9 and IAS 39
    • Simplified approach
    • General approach
    • What are the steps in calculating and recognizing impairment loss
    • Practical challenges to be faced while adopting Impairment loss model as prescribed in IFRS-9

Who Should Attend

CFOs, IFRS reporting specialists, accounting, risk management and IT professionals of entities whose financial statements are affected by changes in IFRSs.

Course Facilitator Hassan Marfani, ACA

Trainer’s Profile

Mr. Hassan Marfani is a member of Institute of Chartered Accountants of Pakistan (ICAP), currently associated with BankIslami Pakistan Limited as Section Head Compliance.He was previously associated with BankIslami Modaraba Investments Limited as CFO & Company Secretary with over 7 years accumulated, diversified and in depth experience in the areas of auditing, accounting, regulatory compliance, financial management and financial planning. He has completed his CA training from EY-Pakistan.

In addition to above, he has been training finance & accounts professionals on International Financial Reporting Standards (IFRSs) from various companies having senior management designation at Institute of Cost and Management Accountants of Pakistan (ICMA-Pakistan), Pakistan Institute of Public Finance Accountants (PIPFA) and different corporate forums. He has also trained “Auditor General Pakistan (AGPr)” employees on “International Public Sector Accounting Standards (IPSASs)” and considered as pioneer of conducting IPSASs trainings in Pakistan. Moreover he has been teaching various accounting and auditing subjects to Chartered Accountancy (ICAP) students since 2013. Further he is commonly invited as a key speaker on Corporate Law and IFRS at different corporate and academic forums.

Registration Details

Early Bird Discount till February 15, 2019 Rs. 17,900/- per participant (Early Bird Discount is subject to Advance Payment) (Excluding WHT & PST for Lahore)

Final Fee Rs. 19,900/- per participant (Every 4th Participant from the same organization or group is FREE)

((Including Lunch & Refreshments, Certificate, Course Material & Group Photo and Excluding of WHT & PST))

For registration(s), send us your F Name, Designation, Oraganization, Mobile, Email and Postal Address to support@businesspartnerz.com

For further informations please contact us at

Nousheen Rasheed: +92 (300) 8965588

Muhammad S. Zubair: +92 (335) 2809740

Office: +92- (021) 34320226 , 34320283

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