The new Standard introduces significant changes in the accounting for financial instruments, particularly in the areas of classification and measurement, impairment and hedge accounting. In this seminar, you will learn how FRS 109 affects various balance sheet items including trade receivables, intercompany loans, investments, contract assets and the profitability of the company using practical examples. We will also share key governance questions to ask your management to ensure FRS 109 had been applied appropriately.

Course Objectives

• High level overview of the key requirements of FRS 109 and differences with FRS 39 from a corporate perspective.
  
• Key impact of the Standard to a company’s financial performance and systems, process and data requirements.
  
• Key implementation challenges and typical timeline with examples from companies undergoing the implementation process.
  
• Key governance questions directors should be asking in relation to the Standard.
  

CPD Hours : 2



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