International Accounting
Standards (IFRS) for Banks
Who should attend
Bank employees and specialists dealing directly and indirectly with preparation of
bank financial statements according to international standards.
Objectives
Duration
3 days / 24 academic
hours / 24 CPD-units /
21 CPE credits
Required level
of preparation
Prior to this training
we recommend the
participants first
attend our trainings
“Conceptual
Framework and
Presentation of
Financial Statements
(IFRS/US GAAP)”,
“Accounting
Estimates in
Preparation of
Financial Statements
(IFRS/US GAAP).
 To acquire theoretical knowledge about principles of preparation of international
financial statements
 To become familiar with the IAS/IFRS applicable to bank industry
 To consider specific cases of IAS/IFRS application by banks.
Training methodology
 Training is conducted in an interactive form and includes a number of case
studies.
 Training participants are provided with specially designed training materials
in Russian language.
Training outline
Day 1
Financial reporting in credit institutions
 Financial statements purposes
 History, objectives, structure of IASB
 Basic principles of financial reporting
IAS 1 “Presentation of financial statements”
 Goal and application of standard
 Components of financial reporting
 Accuracy of reporting and its’ accordance with IFRS
IAS16 “Fixed Assets”
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Definition
Definition criteria
Recognition and initial measurement
Subsequent measurement
Depreciation
Disposal
Disclosures
International Accounting Standards (IFRS) for Banks
IAS 38 “Intangible assets”
 Key terms and definitions
 Recognition and initial measurement
 Future measurement and remeasurement
 Amortization
 Disclosures
IAS 17 “Lease”
 Operating and finance lease definitions
 Principles of lease accounting for PPE
IAS 36 “Impairment of assets”
 Introduction and key terms
 Impairment test
 Impairment indicators
 Recognition of impairment loss
 Recoverable value calculation
 Reversing an impairment loss
 Disclosures
Day 2
IAS 12 “Income taxes”
 Introduction
 Concept of deferred taxes
 Accounting for deferred taxes: main rules
 Presentation and disclosure of deferred taxes
IAS 24 “Related party disclosures”
 Object and field of application of standard
 Key terms
 Criteria of Related Parties’ recognition
 Requirement for disclosure of information
on associated parties
IAS 7 “Cash Flow Statements”
 Objects and application of standard. Basic terms
 Structure of Cash Flow Statement (CFS)
 Classification of business activities in order
to compile CFS
 Direct method of CFS preparation
 Indirect method of CFS preparation
 Definition of cash flows (inflows and outflows)
in result of bank’s operations
IAS 37 “Provisions, contingent liabilities
and contingent assets”
 Provisions – definition, recognition
and measurement
 Evaluation
 Contingent assets and liabilities – definition
and recognition
 Disclosure
2
Day 3
IAS 32 and 39 “Financial instruments”
 Definition of financial instruments
 Financial assets & liabilities
 Classification of financial instruments
 Measurement of financial instruments:
 Initial recognition
 At the time of financial statements
preparation
 Derivatives: basis of recognition
 Hybrid (combined) financial instruments
 Accounting for financial assets write-down
 Cancellation of financial instruments recognition
IFRS 7 “Financial instruments: Disclosures”
 Accounting policy
 Statement of financial position
 Other comprehensive income statement
 Disclosure
IFRS 9 “Financial instruments”
 Classification and measurement of financial
instruments.
Certificates
Certificates of the EY Academy of Business.
Place and time
Open training is conducted at EY Academy
of Business from 9:30 till 16:30.
In-company training
 Preliminary analysis of clients’ training needs,
identification of aims and goals
 Training adaptation industry
 Flexible approach to training location
and schedules
 Report on the training results on request.
Recommended training scheme
 Conceptual Framework and Presentation
of Financial Statements (IFRS/US GAAP)
 Accounting Estimates in Preparation of Financial
Statements (IFRS/US GAAP)
 International Accounting Standards (IFRS)
for Banks
 Accounting for Financial Instruments
(IFRS/US GAAP)
 Restatements for Financial Institutions (banks)
 Financial Statements Consolidation I
How to apply?
Please complete the registration form online
at our web site: ey.com/cis/academy