IFRS 9 (EN)
Challenge
IFRS 9 governs the accounting treatment of financial instruments and replaces the provisions of IAS 39 in the areas of classification, risk provisioning and micro hedge accounting. Under IFRS 9, financial instruments are measured at amortised cost (AC), fair value through other comprehensive income (FVOCI) and fair value through profit or loss (FVPL) depending on extensive criteria. The AC and FVOCI categories are subject to a complex three-level risk provision model based on an expected credit loss approach. IFRS 9 contains numerous exceptions and options and requires extensive adjustments to the process and IT infrastructure. In addition to the ongoing implementation, comprehensive first-time application regulations must be observed.
Procedure
- As-is analyses, (technical) concepts
- Adaptation of calculation methods
- Expansion of the data budget
- Selection of suitable software if necessary
- Adaptation of charts of accounts and posting logic
- Test of the implementation
Result
- Audit-proof implementation
- Practical conception and evaluation of analyses
- Consideration of balance sheet and income statement effects in design decisions
- Linking of business departments, IT and processes as well as interface topics
Skills aietes
- Partial project management
- Contract analyses and (technical) concepts
- Support in the selection of software providers
- Linking business and IT departments
- Accounting logic IFRS 9 and first-time adoption
- Test Management
Your contact
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Reference projects
- Technical concept and booking logic (German credit institution)
- Implementation of calculation methodology (German credit institution)
- Test management (Swiss asset manager)
- Implementation First application (German credit institution)
