IFRS - Financial Instruments

Overview:

This course is designed to teach you the main provisions of the IASB standards over financial instruments and provide you with the necessary knowledge to apply those standards to your own financial instrument fact situations. 
 
The course will cover IAS 32, which provides guidance for presenting financial instruments as liabilities or equity and the classification of related interest, dividends, losses and gains. This course will also cover its provisions over offsetting of financial assets and liabilities.

IFRS 9 will form a significant component of the course as it contains the guidance over financial instrument classification, measurement and impairment and their timing of recognition. We will cover many provisions of IFRS 9 that can be difficult to apply and/or require significant judgment.  

The course will also cover IFRS 7 disclosure provisions, which are meant to show the nature and significance of a company’s financial instrument holdings and their performance, but also their associated risks and how the company manages those risks.  

This course will assist you by providing practical knowledge to understand the concepts and provisions of these financial instruments standards and how to apply them to your portfolio of financial instruments. These standards apply to all companies, and they often require certain planning, systems and processes to apply them effectively. The course will cover real-world examples and case studies, and will also cover recent standard developments associated with financial instruments.

Course Content:

In this course, you will gain knowledge about the following topics:

• Overview and scope
• Classification, reclassification, and presentation
• Initial recognition, subsequent measurement, de-recognition, and offsetting
• Impairment
• Disclosures
• Future developments
• Derivatives and embedded derivatives
• Hedging

Learning Objectives:

Upon completing this course, you should be able to:

• Describe the three classification categories for financial assets and related criteria
• Assess the key factors to consider whether an instrument or its components represent an equity or liability instrument (or derivative) and common areas where this assessment occurs
• Describe the subsequent measurement models of financial assets and liabilities
• Describe the key concepts, elections and application of the IFRS 9 expected credit loss impairment model
• Describe the presentation and disclosure requirements
• Describe the hedge accounting model under IFRS 9 and how to identify certain derivative and embedded derivatives 

Who Will Benefit: 

Professionals responsible for the accounting, presentation, and disclosure of financial instruments.