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

Understand the IFRS guidelines for financial instruments

Learn the basic concepts surrounding recognition, measurement, presentation, and disclosure of financial instruments. Gain a foundational overview of IFRS 9, Financial Instruments; IAS 32, Presentation of Financial Instruments; and IFRS 7, Financial Instruments: Disclosures.

You will explore key ideas, including:

• the scope and exceptions for these standards,
• types of financial instruments, and
• ways of classifying financial assets.

Why IFRS Standards are relevant to your work

Many of the world's largest capital markets require or permit the use of International Financial Reporting Standards®.

Whatever your location, you could easily find yourself with a client subject to IFRS requirements.

Understanding IFRS requirements will help you better assist clients subject to these standards and enable you to effectively compete in the modern business world.

Realistic scenarios for practical application

The interactive learning elements and real-life examples in this course will help you implement key concepts in practice.

The real-world case studies in this course will enhance your comprehension of financial instruments and how they are accounted for under IFRS.

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.

Who Will Benefit

• Accounting and finance professionals who work for private or public multinational organizations that have adopted IFRS Standards.
• Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS Standards.

Key Topics

• The scope and exceptions for IFRS 9, Financial Instruments; IAS 32, Presentation of Financial Instruments; and IFRS 7, Financial Instruments: Disclosures
• Types of financial instruments
• Classifying financial assets based on cash flow and business model tests

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.
• Identify the nature and extent of risks arising from those financial instruments.