IFRS 9 Financial instruments for corporates

Overview

Financial instruments are pervasive across all reporting entities. Examples of financial instruments are cash, investments which can include equity investments or bonds, trade receivables and derivatives. There are a number of standards that are relevant to financial instruments. IAS 32 deals with presentation, IFRS 9 with accounting and IFRS 7 with disclosures on financial instruments. Also relevant is IFRS 13 about fair value measurement. 

This course outlines the definitions of different types of financial instruments, the classification and measurement criteria for financial instruments, separately discussing the business model assessment and the SPPI (solely payments of principal and interest) test, the concept of fair value and amortised cost, in short terms explains financial instruments’ derecognition and modification criteria and outlines also the main aspects of impairment calculation, that is explains what expected credit loss model is about. The course uses practical examples to help you understand the essentials of IFRS 9 standard and interim tests to enhance understanding. 

This course will enable you to:

• review the relevant standards related to financial instruments

• understand the concept of financial assets and financial liabilities

• define different types of financial assets and financial liabilities

• classify an instrument as debt or equity instrument according to IAS 32 standard

• identify factors of business model assessment to be able to define appropriate business models for financial assets

• understand the concept of fair value and amortised cost

• make appropriate classification of financial instruments into one of the following categories: amortised cost, fair value through other comprehensive income and fair value through profit or loss

• define relevant pattern to calculate expected credit loss on financial assets

Further information:

• Training hours: 50 minutes

• CPD: 1.0

• Language: English

• Topics: IFRS, Reporting
• Sector: Corporates

• Training method: E-learning

• Type: Single course

• Geographic relevance: Global

This e-learning course is part of an e-learning series designed by PwC’s Academy Hungary which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (local) accounting and reporting processes.

This e-learning course takes approximately 50 minutes to complete, and as such, it can provide 1 learning hour – 1 CPD point based on a 50-minute hour. Upon completion of this course, you can print the certificate of completion as an evidence that you undertook the course.

In case you need CPA CPE credit points, please contact us for the certificates.