IFRS Training Course - The implications of the credit crisis March 3, 2009

IFRS Training Course
jointly organized by BACEE and KPMG-BME Academy
The implications of the credit crisis

The three day training course aims at offering a general overview of most IFRS standards and also covers recently published amendments and proposed amendments to the financial instruments standards. Some of these amendments provide answers to uncertainties arising from the credit crisis.

• Amendment of IAS 32 on puttable financial instruments


• Discussion paper on reducing complexity in financial instruments accounting


• Eligible hedged items


• Exposure draft on improving disclosures about financial instruments


• The guideline of the IASB Expert Advisory Panel as a response to the current market turmoil


• Amendment of IAS 39 and IFRS 7: Reclassification of financial assets

This course is designed to provide an executive summary of IFRS and an overview of the significant and most challenging features of the standards but also discusses the following topics:

• What are the implications of the credit crisis on the IFRS financial statements?


• What is to be expected?


• What is the international best practice?


• What are the focus areas?

Besides the theoretical background the course offers several case-studies, numerical examples and group assignments designed specifically for financial institutions. It also ensures participants have a chance to utilize the standards as they would in everyday operations and to receive in-depth training in the practical aspect of the IFRS accounting system.

Conference information provided by konferenciakalauz.hu

Official Website: http://www.bacee.hu/090304-en