IFRS 9 - Financial Instruments

Quorum Training - A Wilmington Company
Course summary
3 hours
195 GBP excl. VAT
Online courses

Course description

IFRS 9 – Financial instruments

Financial instruments are found in every business, not just in the balance sheet of financial institutions. They include trade receivables/ payables, third party and inter-company loans, the issue of, or investment in bonds, equity investments and derivatives.

IFRS 9 Financial instruments became effective for periods beginning on/ after 1 January 2018. It replaced IAS 39 which was criticised for being overly complex, too rules-based and not prudent enough when it came to recognising impairments of financial assets.

The standard was released in three phases: recognition and measurement, hedge accounting and, finally, impairment. Although entities were permitted to early adopt each phase, most delayed adoption until the mandatory date.

The new standard is still challenging, but is generally easier to follow than IAS 39, with the exception of the new impairment model which presents significant challenges. It requires entities to apply an expected-loss model that anticipates the risk of defaults from initial recognition, and revises estimates each reporting date. This will impact all businesses, increasing the size of write-downs of trade receivables, loan receivables and lease receivables, and causing greater volatility in profit or loss.

This course will guide you through the aspects of the standard that apply to all non-financial institutions. Using examples and exercises, it will aim to explain the concepts in clear, simple language, and flag some of the issues that arise when applying the requirements in practice.

CPD Hours: 3

Suitability - Who should attend?

This course is designed for those with some familiarity with IFRS who would like to deepen their knowledge about how financial instruments are accounted for and reported following the rules applied in this area by IFRS standards.

Training Course Content

  • Definitions
  • Recognition of financial instruments
  • Classification and measurement of financial assets and financial liabilities, including derivatives
  • How to calculate
    • Amortised cost
    • Fair value
  • De-recognition issues
  • Impairment of financial assets
  • Hedging vs. hedge accounting
  • Hedge accounting
    • Criteria to be able to hedge
    • Cash flow hedge accounting
    • Fair value hedge accounting
    • Net investment hedge accounting

Customer Outreach Award 2019


We believe that it should be easy for you to find and compare training courses. 

Our Customer Outreach Award is presented to trusted providers who are excellent at responding to enquiries, making your search quicker, more efficient and easier, too.

About provider

Quorum Training - Business and Finance Courses for Professionals

Quorum Training provides a range of specialist courses designed specifically for business and finance professionals, covering such topics as: Accounting and finance Taxation VAT Governance Risk and compliance Financial markets and corporate treasury Charities Management and leadership Courses are available...

Read more and show all courses with this provider

Request info

Before we redirect you to this supplier's website, do you mind filling out this form so that we can stay in touch? You can unsubscribe at any time.

Contact info

Quorum Training - A Wilmington Company

5th Floor, 10 Whitechapel High Street
E1 8QS London

Learn more!

Before we redirect you to this supplier's website, do you mind filling out this form so that we can stay in touch? You can unsubscribe at any time.

Find a course for you!

  Read the course
 summary on this page

 Fill in your details and Request information

 Receive all the info you need

Find more courses here