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© 2014 IBM Corporation
IFRS # 9 – Financial Instruments
Reporting
Presenter: Paul Young, CPA, CGA – Prov...
© 2012 IBM Corporation
Agenda
September 9,
2014
• What is IFRS 9?
• IFRS 9 and FASB
• Filing Date
• IFRS 9 and IFRS 39 Flo...
© 2012 IBM Corporation
Author / Bio
September 9,
2014
• Paul Young, CPA, CGA
• SME – Financial Performance Management (TM1...
© 2012 IBM Corporation
What is IFRS – 9
September 9,
2014
• The International Accounting Standards Board (the Board) compl...
© 2012 IBM Corporation
IFRS 9 and FASB (Financial Accounting Standards Board)
September 9,
2014
Until June 2012, the FASB ...
© 2012 IBM Corporation
Filing Date - January 1, 2018 (IFRS) and Canada (October 31,
2017)
September 9,
2014
Souce - http:/...
© 2012 IBM Corporation
IFRS 9 / 39 Calculation Flow
September 9,
2014
Classification
• Calculation – Market Value – Financ...
© 2012 IBM Corporation
Algorithmics / Solution – IFRS 9 – Financial Instrument Calculation
September 9,
2014
Source - http...
© 2012 IBM Corporation
Cognos Disclosure Management
September 9,
2014
• IFRS 9
• Template Reporting
• Notes to the financi...
© 2012 IBM CorporationSeptember 9,
2014
• Additional Sources
• Paul Young (email: paul.young@ca.ibm.com)
• IBM Close, Cons...
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IFRS and FASB - Financial Instrument Reporting

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This presentation looks at IFRS 9 and FASB reporting in terms of credit losses for financial instruments. The IFRS 9 is in full effect January 1, 2018 for those companies that report under IASB.

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IFRS and FASB - Financial Instrument Reporting

  1. 1. Click to add text © 2014 IBM Corporation IFRS # 9 – Financial Instruments Reporting Presenter: Paul Young, CPA, CGA – Proven Practice Adviser – Risk Analytics, FOPM/FPM and Close, Consolidate and Reporting Date: February 13, 2017
  2. 2. © 2012 IBM Corporation Agenda September 9, 2014 • What is IFRS 9? • IFRS 9 and FASB • Filing Date • IFRS 9 and IFRS 39 Flow • IFRS 9 / Algorithmics • IFRS 9 / Cognos Disclosure Management
  3. 3. © 2012 IBM Corporation Author / Bio September 9, 2014 • Paul Young, CPA, CGA • SME – Financial Performance Management (TM1, Cognos Controller and Cognos Disclosure Management, OpenPages, Algorithmics, Cognos Integrated Server, Cognos Command Center and Datawatch) • Industry Experience • 15+ years in Corporate Reporting, Budget & Forecasting, Costing, Business Process Management, Internal Audit and Controls, Risk Management, Financial Analysis, Costing • 11+ years in financial solutions (FOPM, FPM, Risk, Office of the Finance, Risk Management) • 8+ years teaching Advance Finance, Advance Accounting, Public Finance and Advance Management Information Systems • Blogger in areas like Finance Analysis, Government policies, market segment
  4. 4. © 2012 IBM Corporation What is IFRS – 9 September 9, 2014 • The International Accounting Standards Board (the Board) completed the final element of its comprehensive response to the financial crisis with the publication of IFRS 9 Financial Instruments in July 2014. The package of improvements introduced by IFRS 9 includes a logical model for classification and measurement, a single, forward-looking ‘expected loss’ impairment model and a substantially-reformed approach to hedge accounting
  5. 5. © 2012 IBM Corporation IFRS 9 and FASB (Financial Accounting Standards Board) September 9, 2014 Until June 2012, the FASB and IASB jointly deliberated an expected-loss impairment model, which was broadly similar to the impairment approach in IFRS 9, Financial Instruments, issued by the IASB in 2014. In response to feedback from U.S. constituents on the joint model, however, the FASB decided to develop an alternative expected credit loss model. Accordingly, the FASB’s new credit impairment approach differs from that under IFRSs. Although both impairment models are based on expected credit losses, the FASB’s impairment model would require entities to recognize current expected credit losses for all assets, not just those for which there has been a significant increase in credit risk since initial recognition.
  6. 6. © 2012 IBM Corporation Filing Date - January 1, 2018 (IFRS) and Canada (October 31, 2017) September 9, 2014 Souce - http://itincanadaonline.ca/index.php/c-level-insight/1694-canadian- lenders-face-huge-analytics-task-in-upcoming-ifrs-9
  7. 7. © 2012 IBM Corporation IFRS 9 / 39 Calculation Flow September 9, 2014 Classification • Calculation – Market Value – Financial Statement • Reporting • Other Comprehensive Reporting (OCI) • Notes to Financial Statement • Filings to Regulators (Basel Reporting, SEC and Government • Reporting tool • XBRL • Template • Testing Market Value • Verification • Credit loss
  8. 8. © 2012 IBM Corporation Algorithmics / Solution – IFRS 9 – Financial Instrument Calculation September 9, 2014 Source - http://www-03.ibm.com/software/products/en/algofinamode
  9. 9. © 2012 IBM Corporation Cognos Disclosure Management September 9, 2014 • IFRS 9 • Template Reporting • Notes to the financial statement • IFRS 9 schedule by financial instrument type • XBRL Filing Source - http://www- 03.ibm.com/software/products/en/cognos-disclosure- management
  10. 10. © 2012 IBM CorporationSeptember 9, 2014 • Additional Sources • Paul Young (email: paul.young@ca.ibm.com) • IBM Close, Consolidating and Reporting, Risk and Planning Analytics • http://www.ibm.com/analytics/us/en/business/financial-reporting/ • http://www-03.ibm.com/software/products/en/planning-analytics • http://www.ibm.com/analytics/us/en/business/governance-risk- compliance/ • Reporting Pain Points - http://www.slideshare.net/paulyoungcga/reporting-challenges-for- accounting-and-finance-january-2017

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