Seminar Oday Tamimi

Oday Tamimi (University of Debrecen) will present his paper “IFRS 9 AND ITS IMPACT ON THE FINANCIAL RESULTS OF THE LARGEST FINANCIAL INSTITUTIONS IN THE UNITED KINGDOM AND CANADA”. 

The invited speaker is interested in a tenure-track job in the department (Area: Accounting).

Abstract

The present study aimed to examine the impact of applying IFRS 9 on the financial results of the largest financial institutions. And to examine the relationship between the financial institutions for two countries on different continents for the effect of IFRS 9 on the financial results. Finally, present the recent models for expected credit loss within Phase 2 of IFRS 9 impairment of financial instruments. This study used the descriptive and inferential statistics. The analysis of data by using the statistical program SPSS 25 and Microsoft Excel. Based on the analysis of data the study found that there is a significant change in net income and equity only, while in the case of the rest of the items (total assets, liabilities, and net cash flows) there are no significant changes according to the results of inferential statistics. In the second part of this chapter, the study found that the significant difference between Canadian and British banks, there is a significant difference in the net income and net cash flows, while the rest of the items there is a difference, but not a significant difference, according to the results of the inferential statistics. The findings of this study are important for banking sector, auditors, financial analysts, academics and bodies that set standards for accounting and auditing.