IFRS: Financial Instruments (IAS 32, IFRS 9, IFRS 7)

Overview

This course is part of the IFRS Certificate Program - a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.

This self-study course addresses requirements of the following standards:

• IFRS 9, Financial Instruments
• IAS 32, Presentation of Financial Instruments
• IFRS 7, Financial Instruments: Disclosures

Course topics include the following:

• Scope and scope exceptions of these standards
• Definition and types of financial instruments
• Classifying financial assets based on cash flow and business model tests
• Basic concepts surrounding recognition, measurement, presentation, and disclosure of financial instruments

This course includes interactive learning elements, video content, and real-life application through case studies.

Note: Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program. Find out more.

Prerequisites

Familiarity with financial reporting and accounting principles under IFRS

Objectives

Learning Outcomes

• Recall how financial instruments issued by an entity are presented as financial liabilities or equity.
• Identify recognition and derecognition criteria for financial instruments.
• Recall how financial instruments are classified and measured initially and subsequently.
• Recognize the accounting requirements for derivatives.
• Identify the disclosure requirements regarding the significance of financial instruments to an entity, and the nature and extent of risks arising from those financial instruments