Accounting for financial instruments

New in April 2019, this course will assist you to understand and apply the recognition and disclosure requirements for financial instruments as required by the new IFRS 9 Financial Instruments, along with IFRS 7 Financial Instruments: Disclosure and IAS 32 Financial Instruments: Presentation.

The three standards deal with different issues in relation to financial instruments, namely:

• when financial instruments should be recognised and derecognised and how, once recognised, they should be measuredthis, together with hedge accounting, is the focus of IFRS 9 Financial Instruments
• the appropriate presentation of the instruments, once recognisedthis is the focus of IAS 32 Financial Instruments: Presentation
• the appropriate information to disclose for both recognised and unrecognised financial instrumentsthis is covered in IFRS 7 Financial Instruments: Disclosure

Key topics:

• What are financial instruments?
• Recognition and derecognition of financial assets and financial liabilities
• Classification of financial assets and financial liabilities
• Measurement
• Hedging accounting
• Disclosure issues

This course consists of one interactive online course, one downloadable PDF learning manual and one online assessment.