• Providing an overview of the differences between IAS 39 and IFRS 9
  • Discussing the approach for  the general model, the model for purchased or originated credit-impaired asset and the simplified approach model

Detailed Objectives

A) Expected credit loss model:

  • Understand the general impairment model and the basic concept of each stage of the model
  • Obtain a basic understanding what is meant by a significant increase in credit risk
  • Obtain a basic understanding of the calculation of expected credit losses
  • Identify the difference between regulatory probability of a default (PD) and IFRS 9 PD


B) Disclosures:

  • Understand the disclosure requirements for expected credit losses viewed from different stakeholder groups.


C) Implementation issues:

  • Understand the key elements to consider in modelling ECL