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IFRS 9, Financial Instruments superseded significant portions of IAS 39, Financial Instruments: Recognition and Measurement. This course explores the main provisions for accounting for equity investments and debt securities and other financial assets. The course also addresses issues unique to financial liabilities.

Learning Objectives

  • Explore the recognition and measurement of financial instruments (both assets and liabilities) per IFRS 9, including the recording of any gains or losses.
  • Discover the classification of equity investments and debt securities, and the resulting appropriate accounting treatment.
  • Recognize when impairment of a financial instruments requires a write-down of the asset.
Last updated/reviewed: May 25, 2022

Included In Certifications

This course is included in the following Certification Programs:

17 CoursesIFRS Certificate Program

  1. General Considerations for Preparing Financial Statements in Accordance with IFRS
  2. IFRS vs. U.S. GAAP - Major Differences in Accounting
  3. 2022 IFRS Update
  4. IFRS for Small and Medium-Sized Entities Compared to Full IFRS
  5. Accounting for Revenue from Contracts with Customers per IFRS 15
  6. Accounting for Leases under IFRS 16
  7. IFRS - Accounting for Share-Based Payment Awards per IFRS 2
  8. Accounting for Financial Instruments under IFRS 9
  9. Accounting for Nonfinancial Assets under IFRS
  10. Accounting for Business Combinations under IFRS 3
  11. IFRS - Accounting for Employee Benefits per IAS 19 and IFRIC 14
  12. Accounting for Investments in Other Entities, Including Consolidation, under IFRS
  13. IFRS - Accounting for Income Taxes per IAS 12
  14. IFRS - Derivatives and Hedge Accounting under IFRS 9
  15. IFRS - Special Accounting Topics
  16. IFRS - Special Financial Reporting Issues
  17. IFRS - General Financial Statement Disclosures

6 Reviews (28 ratings)Reviews

5
Member's Profile
Really enjoyed the instructor. Very detailed breakdown of IFRS 9, not a basic level course. Obviously for people who are reporting in IFRS. Would expect you know the difference between GAAP and IFRS.
4
Member's Profile
Financial instruments has been a daunting areas for me in IFRS. Time allocation was sufficient but would love to see some more examples for practical implication
4
Anonymous Author
Lots of new terms and approaches that were very informative. I wish there were more F/S or mathematical examples to practice what we were learning.
5
Member's Profile
Great course found it to be very helpful with this topic. Would reccomend this course to all in the accounting fields.
3
Member's Profile
I was surprised there was no mention of GAAP requirements and differences to IFRS
5
Anonymous Author
Very informative and quick refresher course to get updated.

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  4:15Introduction and Overview of Accounting for Financial Instruments under IFRS 9
  10:15Classification of Financial Assets
  7:37Specific Financial Asset Classification Considerations
  4:44Classification of Financial Liabilities & Impairment Considerations
  7:31Expected Credit Loss Model
  1:19Calculating Interest Income
  4:49Presentation and Disclosure
  7:24Hedge Accounting and Conclusion
CONTINUOUS PLAY
  47:54Accounting for Financial Instruments under IFRS 9
SUPPORTING MATERIALS
  PDFSlides: Accounting for Financial Instruments under IFRS 9
  PDFAccounting for Financial Instruments under IFRS 9 Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM