Workshop on Applying IFRS to Investment Portfolios

GOAL

Provide participants with a practical understanding of accounting for high grade fixed income investment securities and derivatives, fair value measurement and internal controls which are relevant to central banks’ foreign reserves management and equip RAMP participants with a deep understanding and a practical knowledge with respect to an International Financial Reporting Standards (IFRS) 9 implementation.

COURSE DESCRIPTION

The workshop will provide accounting professionals with a thorough review of both accounting procedures and methodologies, for financial instruments which are commonly used in reserves management including fixed income, mortgage backed securities, TIPS, securities lending, gold and derivatives. The workshop is designed around IFRS with a special focus on the recognition and measurement of financial instruments, however the material is also relevant to financial institutions which do not comply with IFRS.

DISCUSSION TOPICS

• Procedures and methodologies for IFRS
• Recognizing and measuring financial instruments used in reserves management
• Financial reporting challenges for central banks and other financial institutions and industry specific operational nuances
• Implementation of accounting principles where institutions are unable to comply with IFRS

TARGET AUDIENCE

This course is best suited for financial accounting experts and practitioners within client’s institutions that are responsible for either financial statements and/ or making reporting recommendations.