Financial Instruments - IFRS 9

IFRS 9 represents a generational change in the way in which banks and financial institutions account for loans and impairments. The change is technically complicated and will require significant investment in getting an organisation ready for implementation. KPMG have developed a suite of 13 interactive IFRS 9 eLearning modules which cover the core components of IFRS 9 Impairment and Classification and Measurement.

13 available topics:

Introduction to IFRS 9
Impairment
Risk methodology
Terminology
Regulatory vs accounting approaches
Classification & measurement
Presentation and disclosure
Financial impacts
Wider impacts
Implications of regulator and audit focus
Investor focus
Overview of operating model
Linkages and dependencies to other key processes
 

Programme price: £520 excl. VAT

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Financial Instruments - IFRS 9

Introduction to IFRS 9

  • 20 mins
  • Online tutorial

This is an introductory topic providing you with an overview of IFRS 9 and an understanding of the various training resources available to you. It will provide you with a brief understanding of IFRS 9 and its impact and an introduction to your IFRS 9 learner journey.

Price for this topic only: £60 excl. VAT

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Financial Instruments - IFRS 9

Impairment

  • 20 mins
  • Online tutorial

This topic will provide you with a high-level understanding of the new IFRS 9 impairment requirements, how these compare to IAS 39 and how they will impact banks and financial institutions.

Price for this topic only: £60 excl. VAT

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Financial Instruments - IFRS 9

Risk methodology

  • 20 mins
  • Online tutorial

This topic will provide you with a high level understanding of the key components to 12-month and lifetime expected credit losses, an understanding of the complexity inherent within the expected credit loss calculation and how this will impact organisations.

Price for this topic only: £60 excl. VAT

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Financial Instruments - IFRS 9

Terminology

  • 20 mins
  • Online tutorial

There are similar terminologies used in the Capital Requirements Regulation (Basel) and IFRS 9 which have different meanings. This may cause confusion internally and externally as many organisations plan to base many of their IFRS 9 impairment calculations on regulatory models, adjusted as necessary for IFRS 9 differences. This topic will provide you with an understanding of the differences in meanings in some of the terminologies that are commonly used in both IFRS 9 and Basel.

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Financial Instruments - IFRS 9

Regulatory vs accounting approaches

  • 20 mins
  • Online tutorial

This topic is designed to help you understand the interactions between IFRS 9 expected credit losses (ECL) and organisations' capital positions. It will provide you with details of how IFRS 9 impacts the regulatory capital of organisations when reviewing and interpreting information provided on either an IFRS 9 or regulatory basis.

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Financial Instruments - IFRS 9

Classification & measurement

  • 20 mins
  • Online tutorial

This topic will provide an overview of how classification under IFRS 9 is influenced by the contractual cash flow characteristics of financial assets and the business model within which they are held to generate value for an organisation. It will cover the differences in classification and measurement between IAS 39 and IFRS 9, how the new classification categories in IFRS 9 align to the IAS 39 categories and how this will impact an organisation.

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Financial Instruments - IFRS 9

Presentation and disclosure

  • 20 mins
  • Online tutorial

This topic provides a high level overview of the IFRS 9 financial statement presentation and disclosure requirements. It will provide you with an understanding of some of the key disclosure requirements under IFRS 9, some of the practical challenges in producing the disclosures and the new ways in which external stakeholders will view an organisation's business.

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Financial Instruments - IFRS 9

Financial impacts

  • 20 mins
  • Online tutorial

This topic provides you with knowledge on the potential financial impacts of IFRS 9; on costs, profits and capital. Additionally, it provides a brief overview of the broader considerations of IFRS 9 before continuing on your IFRS 9 learning pathway.

Price for this topic only: £60 excl. VAT

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Financial Instruments - IFRS 9

Wider impacts

  • 20 mins
  • Online tutorial

This topic follows on from the 'Financial impacts of IFRS 9' module and explores the wider impacts of IFRS 9 on an organisation, such as business planning and strategic decisions. It will cover how the wider impacts of IFRS 9 could affect an organisation beyond the financial statements.

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Financial Instruments - IFRS 9

Implications of regulator and audit focus

  • 20 mins
  • Online tutorial

This topic will give you an overview of the various regulator and audit stakeholders and their perspectives on IFRS 9 and will help you to consider how this may challenge an organisation's business and how stakeholder expectations can be managed.

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Financial Instruments - IFRS 9

Investor focus

  • 20 mins
  • Online tutorial

This topic follows on from the 'Financial impacts of IFRS 9' and 'Wider impacts of IFRS 9' modules, which you should now have completed. It explores how investors may look at IFRS, will give you knowledge of the key aspects that investors may focus on with the introduction of IFRS 9 and an understanding of how an organisation is planning to communicate its story to investors.

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Financial Instruments - IFRS 9

Overview of operating model

  • 20 mins
  • Online tutorial

This topic will provide an overview of the IFRS 9 impairment operating model. It will provide you with knowledge of the typical component parts of an impairment operating model under IFRS 9 and the impairment operating model under IAS 39 in comparison to IFRS 9.

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Financial Instruments - IFRS 9

Linkages and dependencies to other key processes

  • 20 mins
  • Online resources

This topic provides stakeholders with an understanding of how other key processes within the organisation will interact with the new IFRS 9 impairment operating model. It will provide you with knowledge of the linkages and dependencies between IFRS 9 and other key processes, the role of the process owners in this interaction and how this will impact the organization.

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Lease Accounting - IFRS 16

A programme of interactive topics covering the core components of IFRS 16 for a range of stakeholders. The IFRS 16 digital learning programme is a suite of 12 topics covering the core components of IFRS 16 for a range of stakeholders. The topics break down complex content, in to easily accessible and digestible chunks for time-poor learners.

12 available topics:

IFRS 16 Overview
Scope, exemptions and reliefs
Lease definitions – basic
Lease definition – advanced application
Initial measurement of the lease liability
Initial measurement of Right-of-Use asset
Subsequent measurement of the lease liability
Subsequent measurement of Right-of-Use asset
Lease modifications for lessees
Sub-leases & sale-and-leaseback
Lessor accounting
Presentation and disclosure
 

Programme price: £720 excl. VAT

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Lease Accounting - IFRS 16

IFRS 16 Overview

  • 15 mins
  • Online tutorial

This topic provides an overview of IFRS 16 and touches on each detailed element that the rest of the programme will cover.

Price for this topic only: £100 excl. VAT

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Lease Accounting - IFRS 16

Scope, exemptions and reliefs

  • 15 mins
  • Online tutorial

In this topic, we will look at the basics of scope, exemptions and reliefs. You will assess when to apply the accounting requirements of IFRS 16, the recognition exemptions to leases of low-value items, the recognition exemptions to short-term leases, the practical expedient to grandfather the definition of a lease on transition to IFRS 16, and identify when the practical expedients are applicable to leases with a short remaining term at transition and for multiple leases as a single portfolio.

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Lease Accounting - IFRS 16

Lease definitions – basic

  • 15 mins
  • Online tutorial

In this topic, we will look at the basics of what defines a lease. You will be able to determine whether an arrangement contains an identified asset, assess whether a capacity portion can be an identified asset, explain how substitution rights can impact an arrangement being defined as a lease, determine whether the customer has the right to substantially all of the economic benefits from the use of the identified asset and identify lease and non-lease components in an arrangement.

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Lease Accounting - IFRS 16

Lease definition – advanced application

  • 15 mins
  • Online tutorial

In this topic we will look at advanced concepts in relation to defining a lease. By the end of this module you will be able to assess whether a supplier’s substitution right is substantive, identify who has the right to direct the use of an identified asset, demonstrate the ability to separate lease and non-lease components and determine the consideration to be allocated to a component using standalone price.

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Lease Accounting - IFRS 16

Initial measurement of the lease liability

  • 15 mins
  • Online tutorial

In this topic we look at the initial measurement of the lease liability. By the end of this module you will be able to assess key judgements in determining the term of a lease, identify the payments that need to be included in the initial measurement of a lease liability and determine a discount rate that can be applied to lease payments.

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Lease Accounting - IFRS 16

Initial measurement of Right-of-Use asset

  • 15 mins
  • Workshop
  • Online tutorial
  • Online resources

In this topic we look at the initial measurement of the RoU asset. You will be able to describe right-of-use (RoU) assets and the calculation required to establish their initial value, identify the initial direct costs included in the initial measurement, determine how prepaid lease payments and lease incentives received should be treated in the initial measurement, and evaluate the basis of including estimated decommissioning and restoration costs in the initial measurement of a RoU asset.

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Lease Accounting - IFRS 16

Subsequent measurement of the lease liability

  • 15 mins
  • Online tutorial

In this topic we look at the subsequent measurement of the lease liability. By the end of this module you will be able to determine how the lease liability should be measured after initial recognition, identify the key inputs for amortised cost measurement, identify when to re-measure the lease liability and determine when to use a revised discount rate and when to use an unchanged discount rate when re-measuring the lease liability.

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Lease Accounting - IFRS 16

Subsequent measurement of Right-of-Use asset

  • 15 mins
  • Online tutorial

In this topic we look at the subsequent measurement of the Right-of-Use (RoU) asset. By the end of this module you will be able to determine how an RoU asset should be measured after initial recognition and measurement, identify how an RoU asset should be depreciated, identify indicators of impairment for RoU assets and determine when to adjust the carrying amount of an RoU asset.

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Lease Accounting - IFRS 16

Lease modifications for lessees

  • 15 mins
  • Online tutorial

In this topic we be look at the lease modifications for lessees. By the end of this module you will be able to determine what is a lease modification, identify whether a modification is a separate lease or whether it is an adjustment to an existing lease and apply lease modification accounting.

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Lease Accounting - IFRS 16

Sub-leases & sale-and-leaseback

  • 15 mins
  • Online tutorial

In this topic we look at sub-leases & sale-and-leaseback. By the end of this topic you will be able to identify a sub-lease and know how to account for it under IFRS 16, assess the accounting implications of a sale and leaseback transaction and determine how to account for a sale and leaseback arrangement.

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Lease Accounting - IFRS 16

Lessor accounting

  • 15 mins
  • Online tutorial
  • Online resources
  • Action plan

In this topic we look at lessor accounting. By the end of this topic you will be able to determine how to classify a lease as a finance lease or operating lease, describe the accounting for finance leases, describe the accounting for operating leases, determine whether or not a lease modification should be accounted for as a separate lease and identify the specific considerations in IFRS 16 relating to lessor accounting.

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Lease Accounting - IFRS 16

Presentation and disclosure

  • 15 mins
  • Online tutorial

In this topic we look at Presentation and Disclosure. By the end of this topic you will be able to identify and capture the additional information a lessee may require to prepare IFRS 16 disclosures, over and above those generated though the accounting, present leases in the financial statements and identify the effects that leases have on financial performance and cash flows.

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UK GAAP

This programme will cover the UK GAAP framework and how it will affect you. It covers all sections of the standard, including revenue, financial instruments, income tax, financial statement presentation and transition to FRS 102. Please register your interest by selecting the button below.

1 available topics:

UK GAAP
 

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UK GAAP

UK GAAP

  • 127 Hrs
  • Online tutorial
  • Online resources

These topics will provide you with an understanding of the standard and the implications to each business, small or medium, an ability to identify the changes to accounting, tax and reporting for your organisation, and how these changes will affect business, systems and processes, and people and change. And the key differences between FRS 102, previous UK GAAP and existing IFRS.

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VAT

This VAT programme has been specially designed to provide an introduction to a variety of VAT subjects, including the rules relating to reclaiming VAT in both the UK, Europe and the rest of world. Additionally specific attention has been given to certain industries and the specific requirements needed to make VAT related decisions concerning schools, local authorities, the NHS and car dealerships. Please register your interest by selecting the button below.

8 available topics:

VAT for accounts payable Europe
VAT for accounts payable UK
VAT for accounts receivable Europe
VAT for car dealers
VAT and international trade
VAT for local authorities
VAT and the NHS
VAT for schools
 

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VAT

VAT for accounts payable Europe

  • 45 mins
  • Online tutorial
  • Self assessment

This topic has been specially designed to provide an introduction to the VAT rules in Europe relating to reclaiming VAT. The topic provides examples of the key questions to ask in order to make correct decisions on whether to recover VAT, and highlights many of the common pitfalls that you may encounter. You will be given a test to check your understanding of the subject matter on completion of the module.

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VAT

VAT for accounts payable UK

  • 45 mins
  • Online tutorial
  • Self assessment

This topic has been specially designed to provide an introduction to the VAT rules in the UK relating to reclaiming VAT. The topic provides examples of the key questions to ask in order to make correct decisions on whether to recover VAT, and highlights many of the common pitfalls that you may encounter. You will be given a test to check your understanding of the subject matter on completion of the topic.

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VAT

VAT for accounts receivable Europe

  • 45 mins
  • Online tutorial
  • Self assessment

This topic has been specially designed to provide an introduction to the VAT rules for charging VAT in Europe. The topic provides examples of the key questions to ask in order to make correct decisions on whether to charge VAT, and highlights many of the common pitfalls that you may encounter. You will be given a test to check your understanding of the subject matter on completion of the module.

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VAT

VAT for car dealers

  • 45 mins
  • Online tutorial
  • Self assessment

Transactions undertaken by car dealerships are often complex from a VAT perspective. Errors in VAT treatment can lead to profit erosion, financial penalties and/or damage to the dealer’s reputation with HMRC. This topic has been specifically designed and tailored for dealership groups. An assessment will test you on the knowledge acquired from completing the module.

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VAT

VAT and international trade

  • 45 mins
  • Online tutorial
  • Self assessment

This topic has been specially designed to provide an introduction to the VAT rules relating to international trade, with particular reference to Europe. The topic provides examples of the key questions to ask in order to make correct decisions on whether to charge or recover VAT, and highlights many of the common pitfalls that you may encounter. A glossary of key terms in included in the topic. You will be given a test to check your understanding on completion of the topic.

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VAT

VAT for local authorities

  • 45 mins
  • Online tutorial
  • Self assessment

This topic has been specially designed to provide an introduction to the VAT rules relating to local authorities. The topic provides examples of the key questions to ask in order to make correct decisions on whether to charge or recover VAT, and highlights many of the common pitfalls that you may encounter. A glossary of key terms in included in the topic. You will be given a test to check your understanding of the subject matter on completion of the topic.

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VAT

VAT and the NHS

  • 45 Mins
  • Online resources
  • Self assessment

This topic has been specially designed to provide an in depth explanation of the rules that govern reclaiming VAT in the NHS and a detailed review of the most common eligible services for VAT recovery. The topic provides examples of the key questions to ask in order to make correct decisions on whether to recover VAT, and highlights many of the common pitfalls that you may encounter. You will be given a test to check your understanding of the subject matter on completion of the topic.

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VAT

VAT for schools

  • 45 mins
  • Online tutorial
  • Self assessment

This topic has been specially designed to provide an introduction to the importance of VAT to local authorities in relation to the activities of schools. The topic provides examples of the key questions to ask in order to make correct decisions on whether to charge or recover VAT, and highlights many of the common pitfalls that you may encounter. You will be given a test to check your understanding of the subject matter on completion of the topic.

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Custody Assets & Client Money (CASS)

Launching soon - A set of digital topics covering regulations as set out in the Client Assets Sourcebook (CASS), regarding holding or controlling client money, and safe custody of client assets by your business. Four topics have been created to give learners with no previous CASS experience an overview of the key principles and challenges of CASS. Please register your interest by selecting the button below.

1 available topics:

Introduction to CASS
 

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Custody Assets & Client Money (CASS)

Introduction to CASS

  • 15 mins
  • Online tutorial

This introduction to CASS has been created to give learners with no previous CASS experience an overview of the key principles and challenges of CASS.

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Insurance contracts - IFRS 17

Launching in 2019 - A programme of interactive digital learning topics, covering contract liabilities, income statements, and disclosure requirements, in accordance with IFRS17 standards. Please register your interest by selecting the button below.

1 available topics:

Introduction to IFRS 17
 

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Insurance contracts - IFRS 17

Introduction to IFRS 17

  • 10 mins
  • Online tutorial

This introduction to IFRS 17 - accounting standards, provides a high level overview of contract liabilities, income statements and disclosure requirements, in accordance with IFRS17 standards.

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