Booking with a Training Ticket
Once you have booked your course, you will receive an email with your booking confirmation. The steps you will need to follow to access your online course will arrive in a separate email within 48 hours of your order being processed
Please be aware that participants will have access to this course for120 days from the date of receiving access via email notification
Course overview
There are a number of different IFRSs dealing with financial instruments, covering presentation, recognition and measurement and disclosures under different standards, it can be difficult to see the wood from the trees.
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 IFRS 9 which l will become fully mandatory in 2018.
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
IAS 32: Financial Instruments Presentation:
- What are the objectives of IAS 32?
- What are the key definitions?
- How do we present a financial instrument on its
initial recognition?
- How are puttable instruments dealt with?
- What if there is no contractual obligation to deliver
cash or another financial asset?
- What are the settlement provisions and options?
- How should we treat compound financial instruments
and ‘treasury shares’?
- How should interest, dividends, losses and gains be
dealt with?
- Can financial assets and financial liabilities be offset?
IAS 39 and IFRS 9: Financial Instruments Recognition and Measurement:
- Why are we talking about two IFRSs here?
- What are the objectives and scope of IFRS 9?
- When should financial instruments be subject to
initial recognition?
- What do I need to know about transfers and
derecognition?
- What about ongoing involvement in transferred assets?
- Are there other rules relating to transferred
financial assets?
- When should there be a derecognition of a financial
liability?
- How do we classify financial assets?
- What about the rules for the classification of
financial liabilities?
- How should I deal with embedded derivatives?
- What about the initial measurement of financial
instruments?
- How do I treat impairment issues?
- How do I assess significant increased in credit risk?
- How are reclassifications of financial assets dealt
with?
- How should gains and losses be accounted for?
- What are the objectives and scope for hedge
accounting?
- How do we account for hedge relationships?
IFRS 7: Financial Instruments Disclosures:
- What are the objectives of IFRS 7?
- How do we make disclosures relating to the statement
of financial position?
- How should we make disclosures relating to the
statement of comprehensive income?
- What other disclosures are required?
- What about the hedge accounting disclosures?
- What about risk disclosures?
- What about transfers?
Target audience
Anyone engaged either in the preparation of financial reports based on IFRS or their audit, as well as users of company accounts wishing to gain a fuller insight into the treatment of this important class of asset.
Contact Us
If you have any questions regarding this or any other CPD course or requirements, please feel free to contact the team here or call us at
(+353) 01 523 3930
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