IFRS 9- Financial Instruments

IFRS 9- Financial Instruments
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DL22230171

Recorded: September 2021 

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This course is designed to teach participants the main provisions of the IASB standards over financial instruments and provide them with the necessary knowledge to apply it to their own financial instrument fact situations.

The course will cover IAS 32 which provides guidance for presenting financial instruments as liabilities or equity and the classification of related interest, dividends, losses and gains. This course will also cover its provisions over offsetting of financial assets and liabilities.

IFRS 9 will form a significant component of the course as it contains the guidance over financial instrument classification, measurement and impairment and their timing of recognition.  We will cover many provisions of IFRS 9 that can be difficult to apply and/or require significant judgments.

The course will also cover IFRS 7 disclosure provisions which are meant to show the nature and significance of a company’s financial instrument holdings and their performance, but also their associated risks and how the company manages those risks.

This course will assist participants by providing them with the practical knowledge to understand the concepts and provisions of these financial instruments standards and how to apply them to their portfolio of financial instruments. These standard apply to all companies and often requires certain planning, systems and processes to apply them effectively. The course will cover real-world examples and case studies and will also cover the current developments associated with financial instruments.

LEARNING OBJECTIVES
By the end of this course, participants will learn the following about financial instruments:

  • the three classification categories and related criteria for financial assets
  • key factors to consider in assessing whether an instrument or its components represent an equity or liability instrument (or derivative) and common areas where this assessment occurs
  • the subsequent measurement models of financial assets and liabilities
  • Key concepts, elections and application of the IFRS 9 expected credit loss impairment model
  • Presentation and disclosure requirements and examples of such disclosures
  • New hedge accounting model under IFRS 9 and how to identify certain derivative and embedded derivatives
  • Recent developments

CONTENT

  • overview and scope
  • classification, reclassification and presentation
  • initial recognition, subsequent measurement, de-recognition and offsetting
  • impairment
  • disclosures
  • future developments
  • derivatives and embedded derivatives
  • hedging

PREREQUISITE
Although not mandatory, participants would benefit from pre-reading the most recent edition of IFRS 9, IFRS 7 and IAS 32 contained in the CPA Handbook – Accounting Part I.

WHO WILL BENEFIT
Professionals responsible for the accounting, presentation and disclosure of financial instruments.

CPD-7 Hours

When
4/1/2022 - 3/31/2023 11:59 PM
Where
On-demand