IFRS 9 Financial Instruments: Part 1

Summary:

This is the first of two courses examining the key requirements of IFRS 9 Financial Instruments. It covers initial recognition, the measurement models and when they should be applied, and the impairment of financial assets.

Overview:

This course is the first of a pair of courses which give an overview of the key requirements of IFRS 9 Financial Instruments. It starts by considering the initial recognition and measurement of financial instruments. It then examines the three available models for accounting for them, and the circumstances in which each should be applied. Finally it considers the expected credit losses model for impairment of financial assets.

Learning Outcomes:

On completion of this course you will have a greater understanding on how to:

  • Account for financial instruments in compliance with IFRS standards
  • Understand and interpret financial statements which contain financial instruments and their impacts
  • Identify areas where further detailed research may be required

Course Content:

  • Initial recognition and measurement
  • Derivatives and embedded derivatives
  • The accounting models
    • Amortised cost
    • Fair value through profit or loss
    • Fair value through other comprehensive income
  • Effective interest rates
  • Fair values
  • Identifying the appropriate model
    • Financial assets
    • Financial liabilities
  • Impairment of financial assets
    • The expected credit losses model
    • Practical expedients

 

Authored by: Bruce Cowie, Head of Financial Reporting at BPP Professional Devlopment

Bruce Cowie is the Head of Financial Reporting Programmes at BPP Professional Development. He has been training full time in Financial Reporting topics since 1985, and has an expertise in IFRS, UK GAAP and US GAAP. He has trained across the world (e.g. USA, Europe, APAC, Australia, Argentina) for large multinationals, small and medium sized companies, accounting firms, professional bodies and Government entities, and still maintains a genuine love for his subjects. He has spent a considerable time in training firms for the transition to IFRS and to the new UK GAAP.

CPD Points: 1

CPD Duration (hours): 1

Access: 12 months from purchase date

Price (excludes VAT): £35.00