IFRS: Financial Instruments

(33 reviews)

by Wayne Bartlett

This course helps you through the complexity by looking at all the IFRSs at play. It includes IFRS 7 which has just become fully operational and recent updates to IFRS 9.

price €85+vat
cpd hours 4 CPD hours
access 120 days' access

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This course will enable you to

  • Consider the three separate IFRS areas regarding accounting for financial instruments
  • Recognise and measure financial instruments
  • Understand how to deal with financial instruments that are transferred in full or part, or items that are derecognised
  • Understand the major features of disclosure in IFRS 7

About the course

The treatment of financial instruments can sometimes be very complex and it is necessary to have a clear understanding of the rules involved within the IFRSs to apply them properly. Getting this wrong could have a big impact on the financial statements.

There are three separate IFRS areas to consider regarding the accounting for financial instruments. IAS 32 deals with the presentation of financial instruments, IFRS 7 with their disclosure, and IFRS 9 with their recognition and measurement. These Standards need to be seen as something of a package.

Look inside

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Contents

  • Financial instruments: An overview
    • Three Standards
    • The impact of IFRS 9
    • Presentation and disclosure
  • Presentation
    • Overview of IAS 32
    • Objectives and scope of IAS 32
    • Some key definitions
    • Initial recognition
    • Puttable instruments and settlement provisions
    • Interest, dividends, losses and gains
    • Offsetting financial assets and liabilities
    • Three impacts
  • IFRS 9: How we got here
    • Overview of IFRS 9
    • A potted history
    • Timings
    • Recognition and derecognition
    • Accounting treatments
    • Classification and measurement
    • Two tests
    • IFRS 9 and impairment
    • Impairment
  • Hedge accounting
    • Hedge accounting
    • Objectives and scope
    • Which items qualify as hedges?
    • Accounting for hedging relationships
    • Hedging groups of items
  • Disclosures
    • Overview of IFRS 7
    • Objectives and scope of IFRS 7
    • Statement of financial position
    • Statement of comprehensive income
    • Hedge accounting disclosures
    • Risk disclosures
    • Transfers
    • Financial instruments disclosures

How it works

Author

Wayne Bartlett

Wayne is an internationally acclaimed speaker and trainer on all aspects of public and private sector accounting and auditing standards. He has been instrumental in helping to develop the profession internationally and has taken lead roles in the development of new professional bodies and the accounting profession in Mozambique and Rwanda, and been extensively involved in developing financial reporting in many countries across the globe.

Reviews

4
(33 reviews)
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    RW
    Rosalind W
    22 Dec 2024
    22 Dec 2024
    I would have liked a worked example of hedge effectiveness. There are a few wording issues. The McGarry example goes on to talk about Oxbridge.
    User avatar: accountingcpd
    Response from accountingcpd
    Thank you for your feedback. We have now fixed this.
    MD
    Mark D
    13 Dec 2024
    13 Dec 2024
    Some examples of Financial Instruments would be useful as would examples of the actual accounting entries on example financial statements.
    NV
    Niall V
    28 Oct 2024
    28 Oct 2024
    Found the course very informative but wish there was more practical examples from lecturer. Maybe having a fake entity that lecturer uses for each section to demonstrate how the standards would affect the entity.
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Access to end 2025		12 months12+ months
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