IFRS in Non-Bank Financial Institutions: From theory to practice

Following legislative requirements, an increasing number of companies have adopted International Financial Reporting Standards (IFRS) for their financial statements. In particular, non-bank financial institutions (NBFIs) have been preparing over the last three years for the extension of the scope of IFRS, effective from 1 January 2023.
  • Date and time: 11 December 2023, 10:00 a.m.
  • Venue: Mazars office in Romania, str. Ing. George Constantinescu 4b, Globalworth Campus b, 5th floor.
  • Duration: 6 hours
  • Fee: 80 euro
  • The course will be held in Romanian

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The implementation process involves significant challenges for finance and risk management departments, especially in light of IFRS 9. Complexities arising from adjustments for expected credit losses, credit risk provisions and consideration of off-balance sheet items require robust models. Companies face obstacles such as large data volumes, implementation of technical solutions and compliance with NBR Regulations.

Key areas affected by IFRS implementation include credit risk provisions, investments, leases and deferred tax recognition. This transition should not be made without careful consideration as accounting and operational adjustments can significantly affect profitability and solvency ratios. As NBFIs prepare for their first statutory reporting in line with IFRS, they should approach the process with diligence, recognising the impact on performance and management assessments.

In conclusion, adopting IFRS in NBFIs requires a strategic and meticulous approach. The challenges are diverse, from complex technical issues to organisational adjustments. Still, our training, which aims to clarify the key areas affected by IFRS implementation, makes it easier to navigate these complex areas and prepare you to report financially in line with international standards.

Who is this course for?

  • People in finance departments: make sure you have the up-to-date knowledge to have IFRS reporting at the highest standards.
  • Risk management: ensure that internally defined credit risk and the calculation of expected credit loss provisions are aligned with the requirements of IFRS 9.
  • Senior management: make sure you understand the impact of the transition to IFRS so that you can operate effectively.

What will you learn

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After completing this course, you will be able to:

  • Decipher complex standards such as IFRS 9, IFRS 16 and IAS 12
  • Understand the requirements of IFRS 9 regarding credit risk and its management
  • Understand the parameters in the expected credit loss calculation model required by IFRS 9
  • Model operating leases in accordance with the requirements of IFRS 16
  • Identify the impact of these adjustments on the calculation of income tax and deferred tax in line with IAS 12 requirements
  • Better understanding of the impact of the transition to IFRS and the consequences on financial statements.



  • Valuation of financial assets and liabilities
  • Credit risk
  • Calculation of the provision for expected credit losses


  • Valuation of operating leases
  • Modelling operating leases
  • Associated accounting monographs

IAS 12

  • The concept of deferred taxes
  • Calculation of deferred taxes

Tax news

  • What changes from a tax perspective when transitioning to IFRS?


  • Otto Ovidiu Strasszer, Senior-Manager, IFRS desk coordinator 
  • Cristian Botezatu, Tax Senior Manager 
  • Roxana Ciobanu, Senior, IFRS desk

Invest in your company's future.

Our course offers unrivaled value at just €80 per participant. If you recommend our course to another participant, you and your referral will receive a 10% discount.

Don't miss this opportunity to invest in your professional development and keep up to date with the latest developments in the ever-changing field of international financial reporting. Register today and take the first step towards learning and applying IFRS standards.

A limited number of places are available.

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