Financial Instruments

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Financial Instruments

about course

  • The purpose of this course on IFRS 9 Financial Instruments is to take the participants through the broad aspects of recognizing, classifying, measuring and derecognition of the financial instruments.  

  • Some of the changes introduced in the new standard include model for classification and measurement, a single, forward-looking ‘expected loss’ impairment model as well as a substantially reformed approach to hedge accounting.  

  • In addition, the webinar addresses the important aspects of how to account for and report impairment of financial instruments and hedging.  

Course Objectives

This course will equip participants with the knowledge and practical skills necessary to:

  • How to account for and report impairment of financial instruments and hedging

  • Classification and measurement of financial instruments
  • Recognition and De-recognition of Financial instruments
  • An overview of Hedge accounting
  • Transitional provisions and Disclosures

course outcomes

  • Discuss the recognition criteria of financial instruments and its implication on the accounting treatment of financial instruments. 

  • Explain the rules and guidelines on the classification of financial assets and financial liabilities and implication on measurement at recognition and end of period. 

  • Describe the accounting treatment and reporting of impairment losses on financial assets and the computation of expected credit losses. 
  • Discuss the different types of hedges and their accounting treatment and presentation in financial statements. 

Course Requirements

 

  • You must complete watching a single video to earn the 3 CPD Units 

Course Curriculum

  • Introduction and Background of Financial Instruments
    26 Minutes
  • Classifications and Measurements- IFRS9
    34 Minutes
  • Impairment and Credit Losses - IFRS9
    34 Minutes
  • Hedging and Disclosures - IFRS9
    34 Minutes