Description
Course Description:
This program provides participants key insights on the status of adoption and implementation of PFRS 9 in the Philippine banking industry, as well as share updates on the regulations and relevant policy discussions affecting banks regarding PFRS 9. The one-day program includes discussions on important PFRS 9 concepts, their impact to the business of banking as well as on possible matters to look forward to.
Course Objectives:
This program aims to equip participants with relevant knowledge regarding the adoption and implementation of PFRS 9 thus far, from the perspectives and experiences of local bank controllers. The program also wishes to provide participants a venue to exchange insights as well as best practices in relation to PFRS 9.
Course Outline:
I. Introduction/background
II. Where are we now
III. Revisiting key concepts
a. Classification & measurement
b. Expected credit loss impairment model
c. Hedge accounting
d. Transitory provisions
IV. Implementation challenges and considerations
a. Data management
b. Internal control & governance
c. Management reporting
d. Auditing PFRS 9
V. Impact to banking as a business
VI. Looking ahead
a. New and future accounting standards that are relevant to PFRS 9
b. Interaction with prudential policy and regulation
Schedule: June 7-8, 2019 (Friday-Saturday); 8:30 A.M. to 5:00 P.M.
Venue: Dusit Thani Manila, Ayala Center, Makati City