
Explore how non-financial items and commodity contracts fit within IFRS 9, including when forward contracts for own consumption are excluded as financial instruments and how the related accounting differs.
Understand how the cost model applies to selling financial assets before maturity when sales are infrequent or insignificant, preserving recovery of contractual cash flows despite restructurings or liquidity shocks.
Explain IFRS 9 classification into amortized cost, fair value through other comprehensive income, and FVTPL, and show how entities irrevocably designate assets as FVTPL to avoid accounting mismatches.
Calculate the effective interest rate by discounting future cash flows to determine EIR for financial assets and liabilities, using present value and cash-flow timing.
Explore the meaning of derivatives, including contracts whose value depends on an underlying asset, minimal or no initial investment, and future settlement, with examples like forwards, swaps, and embedded derivatives.
Apply fair value hedges to firm commitments to manage price risk in inventory purchases. Offset gains and losses through the forward contract and the firm commitment under IFRS 9.
Analyze how IFRS 9 impairs financial assets by identifying significant changes in credit risk, moving from stage one with 12-month expected losses to stage two with lifetime losses.
The program is detailed to include IFRS 9: Financial Instruments in detail for people who are interested in having a detailed understanding of Financial Instruments.
The program covers all aspects including measurement principles, key definitions, derecognition, derivatives, hedge accounting, impairment of financial assets and other areas. There are multiple case studies and scenarios covering detailed insight of various aspects of Financial Instruments covered in a simplified manner.
The lectures are designed in a way to provide a complete insight of Financial Instruments for all levels: whether a participant has an understanding of the topic already or not. The explanation by the trainer is expected to help the participants know the details of the complex areas in a simple way - thus creating the interest and knowledge level for the users.
The program is useful for professional accountants or those studying accounting qualifications including ACCA or CIMA. The program works well for non-accountants as well working on complex derivatives, hedge accounting and impairment of financial assets. The program addresses the need to understand the basics of financial instruments including meaning of financial assets and financial liabilities with examples and classification and complex accounting areas including impairment stages, cash flows hedge, hedge discontinuation, fair value hedge and derecognition principles.