IFRS: Financial Instruments

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 £75+vat
cpd hours 4 CPD hours
access 120 days' access

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

  • Overview
    • Recent changes
    • Three standards
    • Presentation and disclosure
    • Cause and effect
  • IAS 32 Financial Instruments Presentation
    • Overview of IAS 32
    • Objectives and scope of IAS 32
    • Some key definitions
    • Definitions
    • Initial recognition
    • Puttable instruments and settlement provisions
    • Compound financial instruments
    • Parlay Ltd’s shares
    • Interest, dividends, losses and gains
    • Offsetting financial assets and liabilities
    • Statement of financial position
    • Three impacts
  • IFRS 9 Financial Instruments
    • Overview of IFRS 9
    • A potted history
    • Timings
    • Recognition and derecognition
    • Accounting treatments
    • Classification and measurement
    • Two tests
    • Barnaby Ruffles' securities
    • IFRS 9 and impairment
    • Impairment
    • Credit Cars' ECLs
    • Impacts
    • Are you up to Standard?
  • IFRS 9 and Hedge Accounting
    • Hedge accounting
    • Objectives and scope
    • Which items qualify as hedges?
    • Accounting for hedging relationships
    • Hedging groups of items
  • IFRS 7 Financial Instruments: Disclosures
    • Overview of IFRS 7
    • Objectives and scope of IFRS 7
    • Statement of financial position
    • McGarry & Co's disclosures
    • What's your position?
    • Statement of comprehensive income
    • Hedge accounting disclosures
    • Risk disclosures
    • Hedging and risk
    • Transfers
    • Your disclosures
    • Financial instruments disclosures

Author

Wayne Bartlett

Specialising in public sector financial management and budgeting, Wayne has worked as a consultant and lecturer throughout the world.

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