IFRS: Financial Instruments
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.
£150 +VAT
IFRS: Financial Instruments
£150 +VAT
365 days’ access
IFRS: Financial Instruments
This course is not currently available. To find out more, please get in touch.
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.
Contents
Financial instruments: An overview
Three Standards
The impact of IFRS 9
Presentation and disclosure
Presentation
Overview of IAS 32
Objectives and scope of IAS 32
Some key definitions
Initial recognition
Puttable instruments and settlement provisions
Interest, dividends, losses and gains
Offsetting financial assets and liabilities
Three impacts
IFRS 9: How we got here
Overview of IFRS 9
A potted history
Timings
Recognition and derecognition
Accounting treatments
Classification and measurement
Two tests
IFRS 9 and impairment
Impairment
Hedge accounting
Hedge accounting
Objectives and scope
Which items qualify as hedges?
Accounting for hedging relationships
Hedging groups of items
Disclosures
Overview of IFRS 7
Objectives and scope of IFRS 7
Statement of financial position
Statement of comprehensive income
Hedge accounting disclosures
Risk disclosures
Transfers
Financial instruments disclosures
Author
Wayne Bartlett
Wayne is an internationally acclaimed speaker and trainer on all aspects of public and private sector accounting and auditing standards. He has been instrumental in helping to develop the profession internationally and has taken lead roles in the development of new professional bodies and the accounting profession in Mozambique and Rwanda, and been extensively involved in developing financial reporting in many countries across the globe.
31 reviews for IFRS: Financial Instruments
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Yijing Lu –
Could be more detailed.
Uliana Kudrya –
100
Rosalind Wright –
I would have liked a worked example of hedge effectiveness. There are a few wording issues. The McGarry example goes on to talk about Oxbridge.
Mark Dunthorne –
Some examples of Financial Instruments would be useful as would examples of the actual accounting entries on example financial statements.
Niall Vince –
Found the course very informative but wish there was more practical examples from lecturer. Maybe having a fake entity that lecturer uses for each section to demonstrate how the standards would affect the entity.
Wayne Read –
N/a
Simon Anderson –
Good overview on financial instruments with some helpful disclosure highlights. Quite a bit on hedging which I never see, but I suppose it’s good to know what is there.
Gethin Griffiths –
Initial Review: June 2021 (1/5) – I will need to work through some more practical examples. The course needs to be more interactive to embed concepts and maintain interest. This is a dry subject. Updated Review: Dec 2023 (1/5) – As bad as it was originally. Better explanations of the rules etc on Youtube videos.
Venkata Subba Rao Paluri –
super
Salome Sewagodimo –
Amazing, the content is informative and well-structured and explained
Richard Coward –
I felt this was a good general overview of the key aspects of the standards and a refresher of the key points. As the author pointed out, this is a very complicated and extensive area of IFRS and the topics as a whole couldn’t be dealt with in 4 hours. I do think, though, it would be very helpful to have illustrations and examples of the application of the rules and example calculations. Perhaps this could be covered in more focused CPD modules on specific topics (e.g. Hedging)
Paul Nugent –
It was an interesting course that covered the basics of Financial Instruments. The topic itself is very detailed and complex so it is difficult to cover everything in detail. Overall, I am happy I joined the course.
Franco Azzopardi –
Expected more on derivatives and hedge accounting
Wallace U Cheng Lao –
Pavithra Jayakumar –
Understood how market risk, transfers, hedging work and the relevant disclosures to be used.
Thiago Silveira –
Chin Ching Hui –
Video, Tests
Jimmy McGlinchey –
Gave me a very comprehensive overview of financial instruments.
Olga Nikulnikova –
The course gave me the refresh on my knowledge in Financial instruments by detailed explanations and examples
Reza Moledina –
a good course- lots of information
Ivaylo Hristov –
Reminded me some rules about hedging and reporting
Jose Julio Pisharello –
very good overall presentation of a wide-ranging, complex topic
Kitty Alexander –
While preparing financial statements
Mark Jones –
It’s a complex subject which required alot of concentration. At various points, I had to draw upon other resources to fully understand and apply key co cepts in a working context
Nuurul Azimah Yahya –
Relevance
Chamith Hashan Ekanayaka Mudiyanselage –
Sylwia Wyborska –
The course presented a summary of what I need for the start of working with financial instruments.
Maxine Mayhew –
Shamara Walcott-McClean –
It was thorough in terms of the application of the standard. I would have liked to see more content with regards to accounting for securities.
Kate Winterburn –
Bruce Carlstein –
Concise