IFRS 9, Financial Instruments superseded significant portions of IAS 39, Financial Instruments: Recognition and Measurement. This course explores the main provisions for accounting for equity investments and debt securities and other financial assets. The course also addresses issues unique to financial liabilities.

Learning Objectives
  • Explore the recognition and measurement of financial instruments (both assets and liabilities) per IFRS 9, including the recording of any gains or losses.
  • Discover the classification of equity investments and debt securities, and the resulting appropriate accounting treatment.
  • Recognize when impairment of a financial instruments requires a write-down of the asset.
Last updated/reviewed: March 14, 2024

Included In Certifications

This course is included in the following Certification Programs:

17 CoursesInternational Financial Reporting Standards (IFRS) Certification

  1. General Considerations for Preparing Financial Statements in Accordance with IFRS
  2. IFRS vs. U.S. GAAP - Major Differences in Accounting
  3. 2022 IFRS Update
  4. IFRS for Small and Medium-Sized Entities Compared to Full IFRS
  5. Accounting for Revenue from Contracts with Customers per IFRS 15
  6. Accounting for Leases under IFRS 16
  7. IFRS - Accounting for Share-Based Payment Awards per IFRS 2
  8. Accounting for Financial Instruments under IFRS 9
  9. Accounting for Nonfinancial Assets under IFRS
  10. Accounting for Business Combinations under IFRS 3
  11. IFRS - Accounting for Employee Benefits per IAS 19 and IFRIC 14
  12. Accounting for Investments in Other Entities, Including Consolidation, under IFRS
  13. IFRS - Accounting for Income Taxes per IAS 12
  14. IFRS - Derivatives and Hedge Accounting under IFRS 9
  15. IFRS - Special Accounting Topics
  16. IFRS - Special Financial Reporting Issues
  17. IFRS - General Financial Statement Disclosures
10 Reviews (40 ratings)

Reviews

5
Anonymous Author
This guide provides a comprehensive overview of IFRS 9 for financial instruments. It covers the classification and measurement of financial assets and liabilities, impairment considerations, and the expected credit loss model. Clear explanations and practical examples make it an essential resource for accounting professionals navigating the complexities of IFRS 9.
5
Member's Profile
Really enjoyed the instructor. Very detailed breakdown of IFRS 9, not a basic level course. Obviously for people who are reporting in IFRS. Would expect you know the difference between GAAP and IFRS.
3
Anonymous Author
The course would have benefited with real life examples. The reading of the slides was a bit on the dull side and lacked any flair to keep interest in the course.
4
Member's Profile
Financial instruments has been a daunting areas for me in IFRS. Time allocation was sufficient but would love to see some more examples for practical implication
4
Anonymous Author
While there was nothing wrong with the course, the course should have been 2+ hours in length to give the subject matter the proper attention that it deserves.
4
Anonymous Author
Lots of new terms and approaches that were very informative. I wish there were more F/S or mathematical examples to practice what we were learning.
5
Member's Profile
Great course found it to be very helpful with this topic. Would reccomend this course to all in the accounting fields.
5
Anonymous Author
Excellent presentation of a difficult, complex and comprehensive topic. Slides very helpful. No dislikes noted.
3
Member's Profile
I was surprised there was no mention of GAAP requirements and differences to IFRS
5
Anonymous Author
Very informative and quick refresher course to get updated.
Prerequisites
Course Complexity: Intermediate

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 Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction and Overview of Accounting for Financial Instruments under IFRS 94:15
  Classification of Financial Assets10:15
  Specific Financial Asset Classification Considerations7:37
  Classification of Financial Liabilities & Impairment Considerations4:44
  Expected Credit Loss Model7:31
  Calculating Interest Income1:19
  Presentation and Disclosure4:49
  Hedge Accounting and Conclusion7:24
CONTINUOUS PLAY
  Accounting for Financial Instruments under IFRS 947:54
SUPPORTING MATERIALS
  Slides: Accounting for Financial Instruments under IFRS 9PDF
  Accounting for Financial Instruments under IFRS 9 Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONS quiz
 FINAL EXAMexam