Webinars On-Demand

IFRS Refresher: Focusing on financial instruments

Overview   

Financial instruments are a key component of financial statements and have a significant impact that requires careful and correct accounting treatment.  

Accounting for financial instruments describes what accountants do when they report on: 

• Financial assets - investments in shares, bonds and receivables. 

• Financial liabilities - trade payables and long-term borrowings. 

• Equity instruments - equity share capital.   

Learning objectives  

Attending this webinar will equip you with the following skills: 

• Be knowledgeable about what falls under the definition of financial instruments. 

• Understand the IFRS that you must apply when you account for financial instruments and see how the Standards all tie together. 

• Have the ability to correctly classify and measure financial assets and liabilities. 

• Possess adequate knowledge of how to correctly impair financial assets. 

• Be up to date with recent important IFRS updates.  

Content  

The webinar will cover the following topics:  

• Fair value measurement principles. 

• How to disclose fair value. 

• Equity versus liabilities. 

• Defining financial instruments. 

  • Financial assets. 

  • Financial liabilities. 

• Compound instruments. 

• How to classify financial assets and liabilities. 

• Impairment of financial assets, including receivables. 

• Hedge accounting: Fair value and cash flow hedges. 

• Disclosure of financial instruments.