IFRS or also known as International Financial Reporting Standards, are our guiding rules in financial reporting used by all accountants throught out the world. Malaysia supports IFRS 100% and we will adopt all guidelines approved and recommended by IFRS. The adoption of IFRS gives a direct impact to our credit risk assessments as the new and existing guidelines affect our evaluation. Lacking understanding on the FRS adopted by Malaysia Accounting Standard Board (MASB) will hamper your judgement as a credit officer. Let these 4 days gives an insight how these FRS affects YOUR job.
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| Subject | Description |
|---|---|
| Objective | To provide bank officers with an advanced understanding of the accounting treatment of business transactions and the effect on assessment of credit risk. |
| Upon completion | Participants would be able to make critical assessment and evaluate the risk effects of any change in accounting practices by borrower companies. |
| Methodology | Topical discussions on key accounting standards (FRS) followed by workshop sessions and scenario analyses. Malaysian public company information will be used for practical analysis. (IFRS/ IAS equivalent will replace the quoted FRS) |
| Who should attend | All credit risk analysts and loan managers who have responsibilities for making credit judgement. |
| Duration | 4 days |
| Code | IFRS-CR |
Course Outline
| Subject | Description |
|---|---|
| The accounting and financial reporting process |
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| Credit risk analysis 1 – income reporting |
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| Credit risk analysis 2 – asset valuation |
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| Credit risk analysis 3 –financial condition |
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| Special issues and on going development |
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| Conclusion | |
| Learning Assessment |