IFRS 9 Starter Pack: Credit Risk & ECL Basics (English)

Looking to quickly grasp IFRS 9 and how banks and financial institutions manage credit risk? This nano course provides a fast-track introduction to understanding IFRS 9 accounting.

In just 1 hour, you'll learn the essential foundations of credit risk under IFRS 9, including:

• The Shift from IAS 39: Understand why IFRS 9 was implemented to replace IAS 39 following the financial crisis.
• IFRS 9's Three Pillars: Explore the core components of IFRS 9: Classification & Measurement, Impairment, and Hedge Accounting.
• Key Credit Risk Metrics: Learn about crucial metrics like Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD).
• Expected Credit Loss (ECL): Discover how IFRS 9 utilizes ECL to estimate provisions for potential losses.
• IFRS 9 Stages Explained: A clear explanation of the Three Stages of IFRS 9 (12M, Lifetime, Default) with practical examples.
• Modeling Credit Risk: Get a roadmap for modeling PD, Lifetime PD, and ECL in banking.

This beginner-friendly course requires no prior accounting or risk modeling experience – just a desire to learn!

By the end of this course, you'll have a strong foundation in IFRS 9 and be well-prepared to move on to practical modeling using tools like SAS, Python, or Excel.

This nano course is part of the CodeToCash IFRS 9 Series. Start with this foundational course and then advance to the full flagship course where you'll build IFRS 9 models step by step. Build a solid understanding of IFRS 9 with this essential starting point.