Covers all aspects of accounting for financial instruments, from the mechanics of amortised cost to embedded derivatives and hedge accounting.
IAS 32: Financial Instruments: Presentation
- Definitions of financial assets, financial liabilities and equity instruments
- The debt vs. equity distinction
- Compound financial instruments
IAS 39: Financial Instruments: Recognition and Measurement
- Categories of financial instruments, including recognition, classification, reclassification and derecognition
- Measurement rules for each category
- Impairment
- Financial instruments denominated in a foreign currency
- Derivatives, including examples and accounting treatment
- Embedded derivatives
- Hedge accounting, including accounting for a fair value hedge, cash flow hedge and foreign entity hedge
IFRS 7: Financial Instruments: Disclosures
- Information about the significance of financial instruments
- Information about the nature and extent of risks arising from financial instruments
IFRS 9: Financial Instruments
- Background as to the replacement of IAS 39
- Recognition and classification
- Measurement and impairment
- Reclassification, derecognition and modifications
- Derivatives and hedging
