Master the complexities of IFRS 9 and IAS 32 to confidently classify, measure, and report financial assets and liabilities in today’s global economy.
Navigate the complexities of modern accounting with our comprehensive course, Understanding Financial Instruments. As financial markets evolve and products become increasingly sophisticated, the accounting standards governing them have transformed to ensure transparency and accuracy. This course offers a structured deep dive into the essential standards—IAS 32, IFRS 9, and IFRS 7—providing you with the theoretical framework and practical application needed to master this challenging area of financial reporting.
We begin by establishing the fundamental definitions found in IAS 32, teaching you to distinguish clearly between financial assets, financial liabilities, and equity instruments. Through practical examples involving bonds, shares, and loans, you will learn how to identify these instruments and understand their impact on the Statement of Financial Position for both issuers and holders. The course then moves into the robust classification and measurement requirements of IFRS 9. You will master the Business Model assessment and the Solely Payments of Principal and Interest (SPPI) test, two critical criteria that determine whether an asset is measured at Amortized Cost, Fair Value through Other Comprehensive Income (FVOCI), or Fair Value through Profit or Loss (FVTPL).
Beyond assets, we explore the accounting for financial liabilities, addressing how to differentiate them from equity and how to handle complex compound instruments like convertible bonds using split accounting. The curriculum concludes with a detailed look at derecognition, guiding you through the rules for removing assets and liabilities from the books, illustrated by real-world scenarios such as factoring receivables.
By the end of this course, you will be able to:
With headquarters in Dublin, and a wealth of heritage in the education and accountancy training industry, Learnsignal was founded in 2014, and has quickly become one of the largest Online Training Providers for Accountancy qualifications in the world. Learnsignal offers the most extensive verifiable CPD library, with content that is high-quality, easy to digest, and proven to help accountants upskill and grow their careers. Learnsignal is also the perfect training partner for individuals as well as companies looking to upskill their teams. Courses are all built within IFAC guidelines, and verifiable with a lot of IFAC member bodies, and are constantly updated to ensure that the most relevant skills are being developed.
