Financial Instruments: Accounting and Financial Reporting

Brief 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. Complex impairment rules and special requirements further complicate the handling of financial instruments for banks.

It is therefore crucial that banking professionals possess strong working knowledge of and reasonable proficiency in the accounting and financial reporting of financial instruments. This seminar program is part of a three-module Deep Dive series on financial instruments.

This particular program combines discussions on theories and concepts on the basics of financial instruments, how they are accounted for and reported, with the goal of equipping participants with significant learnings as part of their development as banking professionals in the Philippines.

Objectives:

The program run as a one-day, 6-hour session. At the end of the course, participants should be able to

 Explain what financial instruments are, their key characteristics and features as well as their differences and uses

 Discuss the rules and principles observed in classifying and measuring financial instruments

 Explain and illustrate expected credit loss impairment model applicable for fixed income financial instruments

 Enumerate the disclosure requirements and explain key requirements of hedge accounting

Content Outline:

The program outline are as follows:

A. Intro to financial instruments

B. Classification & measurement

C. Expected credit loss impairment

D. Hedge accounting & disclosures

Learning Tools Needed:

Laptop, tablet or smartphone with MS Excel installed

Resource Speaker:

Mr. James Patrick Q. Bonus

SVP & Chief Financial Officer at Etiqa Philippines

Schedule:

September 16, 2022

Friday, 9:00 am - 5:00 pm

Training Fee per Participant:

From Member Institution – P 2,800.00

From Non-Member Institution – P 3,920.00

**VAT inclusive