Accounting for Financial Instruments

This course is part of the IFRS Certificate Program — a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.

This self-study course addresses requirements of the following standards:

IFRS 9, Financial Instruments
IAS 32, Presentation of Financial Instruments
IFRS 7, Financial Instruments: Disclosures

Course topics include the following:

Scope and scope exceptions of these standards
Definition and types of financial instruments
Classifying financial assets based on cash flow and business model tests
Basic concepts surrounding recognition, measurement, presentation, and disclosure of financial instruments

This course includes interactive learning elements, video content, and real-life application through case studies.

Learning Outcomes of Accounting for Financial Instruments

Recall how financial instruments issued by an entity are presented as financial liabilities or equity.
Identify recognition and derecognition criteria for financial instruments.
Recall how financial instruments are classified and measured initially and subsequently.
Recognize the accounting requirements for derivatives.
Identify the disclosure requirements regarding the significance of financial instruments to an entity, and the nature and extent of risks arising from those financial instruments

Who should take this course?

Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS
Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS
Anyone preparing for the ACCA Diploma in IFR

Professional development

This Course - Online offers 2 hours of CPE credit.

Prerequisites:	Familiarity with financial reporting and accounting principles under IFRS
Duration:	2h
Format:	Course - Online
Access:	This is a digital product. You will have access to the content for a year after purchase date. Course access is given within 2 days of purchase via email from AICPA

Certification

Students get a AICPA certification after scoring 70% and above on the assessment at the end of the course

AICPA IFRS: Accounting for Financial Instruments (IAS 32, IFRS 9, IFRS 7) Course