IFRS 9Financial Instruments

Workpapers

Can you document your analysis and your accounting treatment like a professional? Each mission starts from a real file and ends with a review.

How a mission works

Numbered sections, like a professional working paper: objective, data, pieces, analysis, calculations, entries, conclusion; then a reviewer reviews.

1Objective
2Data
3Documents
4Analysis
5Calculation
6Entries
7Judgment
8Conclusion
9References

L1Foundation(4)

Foundation
Classification decision for a financial asset: business model, contractual cash flow test, fair value option, equity election and initial measurement
Corvane bonds (A)
Classification and initial measurement of an investment portfolio: business model, contractual cash flow test, equity election and transaction costs · Situation 1 of 4
≈ 60 min
Foundation
Classification decision for a financial asset: business model, contractual cash flow test, fair value option, equity election and initial measurement
Norvelle shares (B)
Classification and initial measurement of an investment portfolio: business model, contractual cash flow test, equity election and transaction costs · Situation 2 of 4
≈ 60 min
Foundation
Classification decision for a financial asset: business model, contractual cash flow test, fair value option, equity election and initial measurement
Sablon stake (C)
Classification and initial measurement of an investment portfolio: business model, contractual cash flow test, equity election and transaction costs · Situation 3 of 4
≈ 60 min
Foundation
Classification decision for a financial asset: business model, contractual cash flow test, fair value option, equity election and initial measurement
Eurolink structured note (D)
Classification and initial measurement of an investment portfolio: business model, contractual cash flow test, equity election and transaction costs · Situation 4 of 4
≈ 60 min

L2Intermediate(7)

Intermediate
Amortised cost schedule at the effective interest rate: net initial amount, interest, cash flows, closing amount and comparison with fair value
Loan L — initial amount
Loan at the effective interest rate and debt securities: amortised cost schedule with integral fees, FVOCI with recycling and reclassification · Situation 1 of 6
≈ 60 min
Intermediate
Amortised cost schedule at the effective interest rate: net initial amount, interest, cash flows, closing amount and comparison with fair value
Loan L — period 1
Loan at the effective interest rate and debt securities: amortised cost schedule with integral fees, FVOCI with recycling and reclassification · Situation 2 of 6
≈ 60 min
Intermediate
Amortised cost schedule at the effective interest rate: net initial amount, interest, cash flows, closing amount and comparison with fair value
Loan L — period 2
Loan at the effective interest rate and debt securities: amortised cost schedule with integral fees, FVOCI with recycling and reclassification · Situation 3 of 6
≈ 60 min
Intermediate
Amortised cost schedule at the effective interest rate: net initial amount, interest, cash flows, closing amount and comparison with fair value
Loan L — period 3
Loan at the effective interest rate and debt securities: amortised cost schedule with integral fees, FVOCI with recycling and reclassification · Situation 4 of 6
≈ 60 min
Intermediate
Amortised cost schedule at the effective interest rate: net initial amount, interest, cash flows, closing amount and comparison with fair value
Aldane bond — 20X6
Loan at the effective interest rate and debt securities: amortised cost schedule with integral fees, FVOCI with recycling and reclassification · Situation 5 of 6
≈ 60 min
Intermediate
Amortised cost schedule at the effective interest rate: net initial amount, interest, cash flows, closing amount and comparison with fair value
Aldane bond — sale
Loan at the effective interest rate and debt securities: amortised cost schedule with integral fees, FVOCI with recycling and reclassification · Situation 6 of 6
≈ 60 min
Intermediate
Classification decision for a financial asset: business model, contractual cash flow test, fair value option, equity election and initial measurement
Loan at the effective interest rate and debt securities: amortised cost schedule with integral fees, FVOCI with recycling and reclassification
≈ 60 min

L3Advanced(10)

Advanced
Impairment: stage of each instrument, significant increase in credit risk, expected loss by scenarios or by probability of default, provision matrix and reconciliation of the loss allowance
Trade receivables — matrix
Impairment of a group: provision matrix for trade receivables, stages 1 to 3 of loans and scenario-weighted loss · Situation 1 of 4
≈ 90 min
Advanced
Impairment: stage of each instrument, significant increase in credit risk, expected loss by scenarios or by probability of default, provision matrix and reconciliation of the loss allowance
Loan X
Impairment of a group: provision matrix for trade receivables, stages 1 to 3 of loans and scenario-weighted loss · Situation 2 of 4
≈ 90 min
Advanced
Impairment: stage of each instrument, significant increase in credit risk, expected loss by scenarios or by probability of default, provision matrix and reconciliation of the loss allowance
Loan Y
Impairment of a group: provision matrix for trade receivables, stages 1 to 3 of loans and scenario-weighted loss · Situation 3 of 4
≈ 90 min
Advanced
Impairment: stage of each instrument, significant increase in credit risk, expected loss by scenarios or by probability of default, provision matrix and reconciliation of the loss allowance
Loan W
Impairment of a group: provision matrix for trade receivables, stages 1 to 3 of loans and scenario-weighted loss · Situation 4 of 4
≈ 90 min
Advanced
Derecognition and modification: decision tree for a transferred asset, extinguishment of a liability and the 10 % test on a modification
Transfer 1 — loan portfolio
Transfer of receivables and refinancing: derecognition decision tree, extinguishment of a debt and 10 % test on a modification · Situation 1 of 6
≈ 75 min
Advanced
Derecognition and modification: decision tree for a transferred asset, extinguishment of a liability and the 10 % test on a modification
Transfer 2 — receivables with recourse
Transfer of receivables and refinancing: derecognition decision tree, extinguishment of a debt and 10 % test on a modification · Situation 2 of 6
≈ 75 min
Advanced
Derecognition and modification: decision tree for a transferred asset, extinguishment of a liability and the 10 % test on a modification
Arrangement 3
Transfer of receivables and refinancing: derecognition decision tree, extinguishment of a debt and 10 % test on a modification · Situation 3 of 6
≈ 75 min
Advanced
Derecognition and modification: decision tree for a transferred asset, extinguishment of a liability and the 10 % test on a modification
Transfer 4 — partial guarantee
Transfer of receivables and refinancing: derecognition decision tree, extinguishment of a debt and 10 % test on a modification · Situation 4 of 6
≈ 75 min
Advanced
Derecognition and modification: decision tree for a transferred asset, extinguishment of a liability and the 10 % test on a modification
Repurchase of the bond issue
Transfer of receivables and refinancing: derecognition decision tree, extinguishment of a debt and 10 % test on a modification · Situation 5 of 6
≈ 75 min
Advanced
Derecognition and modification: decision tree for a transferred asset, extinguishment of a liability and the 10 % test on a modification
Modification of loan Q
Transfer of receivables and refinancing: derecognition decision tree, extinguishment of a debt and 10 % test on a modification · Situation 6 of 6
≈ 75 min

L4Expert(17)

Expert
Classification decision for a financial asset: business model, contractual cash flow test, fair value option, equity election and initial measurement
Alvane senior tranche
File of an industrial group: hybrid contracts and separation, modification of an asset, assets credit-impaired from origination, loan commitments and maximum exposure period · Situation 1 of 3
≈ 60 min
Expert
Classification decision for a financial asset: business model, contractual cash flow test, fair value option, equity election and initial measurement
Solaris non-recourse loan
File of an industrial group: hybrid contracts and separation, modification of an asset, assets credit-impaired from origination, loan commitments and maximum exposure period · Situation 2 of 3
≈ 60 min
Expert
Classification decision for a financial asset: business model, contractual cash flow test, fair value option, equity election and initial measurement
Midane bond
File of an industrial group: hybrid contracts and separation, modification of an asset, assets credit-impaired from origination, loan commitments and maximum exposure period · Situation 3 of 3
≈ 60 min
Expert
Impairment: stage of each instrument, significant increase in credit risk, expected loss by scenarios or by probability of default, provision matrix and reconciliation of the loss allowance
Modified loan Z
File of an industrial group: hybrid contracts and separation, modification of an asset, assets credit-impaired from origination, loan commitments and maximum exposure period · Situation 1 of 4
≈ 90 min
Expert
Impairment: stage of each instrument, significant increase in credit risk, expected loss by scenarios or by probability of default, provision matrix and reconciliation of the loss allowance
Karvel receivable — 20X6 interest
File of an industrial group: hybrid contracts and separation, modification of an asset, assets credit-impaired from origination, loan commitments and maximum exposure period · Situation 2 of 4
≈ 90 min
Expert
Impairment: stage of each instrument, significant increase in credit risk, expected loss by scenarios or by probability of default, provision matrix and reconciliation of the loss allowance
Karvel receivable — closing
File of an industrial group: hybrid contracts and separation, modification of an asset, assets credit-impaired from origination, loan commitments and maximum exposure period · Situation 3 of 4
≈ 90 min
Expert
Impairment: stage of each instrument, significant increase in credit risk, expected loss by scenarios or by probability of default, provision matrix and reconciliation of the loss allowance
Revolving credit facility
File of an industrial group: hybrid contracts and separation, modification of an asset, assets credit-impaired from origination, loan commitments and maximum exposure period · Situation 4 of 4
≈ 90 min
Expert
Derecognition and modification: decision tree for a transferred asset, extinguishment of a liability and the 10 % test on a modification
File of an industrial group: hybrid contracts and separation, modification of an asset, assets credit-impaired from origination, loan commitments and maximum exposure period
≈ 75 min
Expert
Classification decision for a financial asset: business model, contractual cash flow test, fair value option, equity election and initial measurement
Ostrel convertible bond
File of a group: classification, measurement, impairment and derecognition of financial instruments (IFRS 9) · Situation 1 of 2
≈ 60 min
Expert
Classification decision for a financial asset: business model, contractual cash flow test, fair value option, equity election and initial measurement
SME loan portfolio
File of a group: classification, measurement, impairment and derecognition of financial instruments (IFRS 9) · Situation 2 of 2
≈ 60 min
Expert
Amortised cost schedule at the effective interest rate: net initial amount, interest, cash flows, closing amount and comparison with fair value
Loan K — initial amount
File of a group: classification, measurement, impairment and derecognition of financial instruments (IFRS 9) · Situation 1 of 3
≈ 60 min
Expert
Amortised cost schedule at the effective interest rate: net initial amount, interest, cash flows, closing amount and comparison with fair value
Loan K — 20X6
File of a group: classification, measurement, impairment and derecognition of financial instruments (IFRS 9) · Situation 2 of 3
≈ 60 min
Expert
Amortised cost schedule at the effective interest rate: net initial amount, interest, cash flows, closing amount and comparison with fair value
Pavane bond — 20X6
File of a group: classification, measurement, impairment and derecognition of financial instruments (IFRS 9) · Situation 3 of 3
≈ 60 min
Expert
Impairment: stage of each instrument, significant increase in credit risk, expected loss by scenarios or by probability of default, provision matrix and reconciliation of the loss allowance
Trade receivables — matrix
File of a group: classification, measurement, impairment and derecognition of financial instruments (IFRS 9) · Situation 1 of 2
≈ 90 min
Expert
Impairment: stage of each instrument, significant increase in credit risk, expected loss by scenarios or by probability of default, provision matrix and reconciliation of the loss allowance
Loan M
File of a group: classification, measurement, impairment and derecognition of financial instruments (IFRS 9) · Situation 2 of 2
≈ 90 min
Expert
Derecognition and modification: decision tree for a transferred asset, extinguishment of a liability and the 10 % test on a modification
Transfer of loans to the fund
File of a group: classification, measurement, impairment and derecognition of financial instruments (IFRS 9) · Situation 1 of 2
≈ 75 min
Expert
Derecognition and modification: decision tree for a transferred asset, extinguishment of a liability and the 10 % test on a modification
Modification of loan R
File of a group: classification, measurement, impairment and derecognition of financial instruments (IFRS 9) · Situation 2 of 2
≈ 75 min