Description
Addresses requirements of the following standards: IFRS 9, Financial Instruments; IAS 32, Presentation of Financial Instruments; and IFRS 7, Financial Instruments: Disclosures.
Objectives
- 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