Description
Description:
Financial instruments make up almost the entirety of a financial institution’s statement of condition. Prevailing accounting and financial reporting standards, such as the Philippine Financial Reporting Standards (PFRS) 9, as well as prudential banking guidelines like Bangko Sentral ng Pilipinas (BSP)Circular no. 1011, require the diligent accounting and transparent financial reporting of financial instruments, including a robust expected credit loss impairment provisioning.
This course aims to firm up understanding in the intricacies of the expected credit loss model for impairment of relevant financial instruments in the banking context.
Objectives:
- Enumerate and discuss the key principles, provisions and guidance on expected credit loss impairment of financial instruments
- Discuss the key elements of ECL
- Explain the accounting treatment and regulatory expectations on ECL
Target Audience:
- Controllership and Finance professionals
- Operations staff and officers
- Risk management staff and officers
- Internal audit professionals
Course Outline:
- Basics of ECL
- Key elements of ECL
- Accounting and regulatory areas of focus for ECL
Resource Speaker:
Mr. James Patrick “Japs” Bonus
CPA, FRM, CTP, FLMI
Schedule:
October 23, 2026 (Friday) 1:00 PM – 5:00 PM
Training Fee per Participant:
Member Institution – Php2,800.00
Non-Member Institution – Php3,920.00
*VAT inclusive