The course demonstrates accounting for financial instruments in accordance with International Financial Reporting Standard 9. A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. IFRS 9 replaces the old IAS 39 Financial Instruments. IFRS 9 introduces a logical approach for the classification of financial assets, which is driven by cash-flow characteristics and the business model in which an asset is held.

This single, principle-based approach replaces existing rule-based requirements that are generally considered to be complex and difficult to apply. The new approach also results in a single impairment model being applied to all financial instruments, thereby removing a source of complexity associated with previous accounting requirements. IFRS 9 is effective for annual periods beginning on or after 1 January 2018 with early application permitted. This course introduces participants to accounting for financial assets, financial liabilities, equity, impairment of financial assets and derivatives.

Course Key Concepts: Financial instrument, Financial asset, Financial liability, Equity, FVTPL, FVTOCI, Amortized cost, Impairment, Derivatives, Expected credit loss.

Learning Objectives
  • Explore the accounting for debt instruments (financial liabilities).
  • Explore the accounting for equity instruments.
  • Explore the accounting for financial assets.
  • Explore the accounting for impairment of financial assets.
  • Explore the accounting for derivatives.
Last updated/reviewed: March 22, 2024
2 Reviews (5 ratings)


Anonymous Author
I found this course extremely difficult. The instructor's accent was very strong and hard to understand at times as well as the material was hard to relate to the exam questions.

Member's Profile
The course was presented in a clear and concise manner, highly helpful pdf slides.

Course Complexity: Foundational
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 .
Instructor for this course
Course Syllabus
  Introduction to IFRS 9 - Financial Instruments4:12
  Lecture Example 115:22
  Accounting for Debt Instrument Issued3:14
  Lecture Example 29:00
  Subsequent Accounting5:34
  Lecture Example 39:10
  Derecognition of Financial Liabilities9:30
  Debt and Equity Difference3:22
  Lecture Example 410:30
  Lecture Example 53:00
  Lecture Example 610:42
  Classification and Measurement Summary4:50
  IFRS 9 - Financial Instruments1:38:02
  Slides: IFRS 9 - Financial InstrumentsPDF
  IFRS 9 - Financial Instruments Glossary/IndexPDF