New standard significantly changes criteria for classification of financial assets and accounting for deterioration of financial assets.
19 April 2018, 8:30AM - 12:30PM, CEST
New standard significantly changes criteria for classification of financial assets and accounting for deterioration of financial assets. Classification depends on characteristic of business model and contractual cash flows’ characteristics test.
New model of deterioration of financial assets applies also on trade receivables, lease and contract assets. This model assumes that loss from financial asset (even a little), can arise anytime. One can expect financial assets adjusting items can be higher and more volatile.
Standard also brings new requirements on security accounting, which is closer to common practise of risk management. This way security accounting can be much more usable.
New standard can also markedly influence conditions in loan contracts between commercial companies and banks.
New requirements are effective from 1 January 2018.
Director, Head of KPMG Business Institute
Explanation of new principles of IFRS 9 using illustrative examples specific for commercial companies, including:
Opportunity for open discussion with other companies to share the best practice
08.30 – 9.00 registration
09.00 – 10.30 seminar
10.30 – 11.00 coffee break
11.00 – 12.30 seminar
19 April 2018 (Thursday)
KPMG Conference Centre
River Park, Dvořákovo nábrežie 10,
165 € bez DPH (198€ s DPH)
Participant fee includes
study materials, refreshments and beverages