IFRS 9 became effective on 1 January 2018. Included in the changes brought in by IFRS 9 is a logical model for classification and measurement of financial assets, a single, forward looking ‘expected loss’ impairment model and a substantially reformed approach to hedge accounting. The financial reporting of any entity, not just financial institutions, has been significantly impacted by these changes.
This online course has been designed to provide the learner with a basic understanding of the key principles in respect of the accounting for Financial instruments under IFRS 9.
The challenges and uncertainties caused by COVID-19 has also had a profound impact on management’s ability to estimate expected credit losses under the IFRS 9 impairment model. This online course will also discuss the COVID-19 considerations with regards to financial reporting of financial instruments.
After completion of this online course, you will:
- Know when to recognise a financial instrument;
- Be able to classify a financial instrument as a financial asset, financial liability and/or equity instrument;
- Understand the classification and measurement of a financial asset including the impairment thereof (i.e. expected credit losses);
- Understand the classification and measurement of a financial liability;
- Understand the potential deferred tax implications in respect of financial instruments;
- Be able to apply the theory to practical examples; and
- Be aware of the impact of COVID-19 on financial reporting under IFRS 9.
Please note that this online course does not cover hedge accounting.
After successfully completing the course, you will receive a certificate of completion (3 hours CPD/CPE).
Cost is R862.50 (inclusive of VAT) / R750 (exclusive of VAT).