AICPA IFRS: Accounting for Financial Instruments (IAS 32, IFRS 9, IFRS 7) Course
AICPA IFRS: Accounting for Financial Instruments (IAS 32, IFRS 9, IFRS 7) Course
AICPA (the Association) represents AICPA® & CIMA®.
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Accounting for Financial Instruments
This course is part of the IFRS Certificate Program — a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.
This self-study course addresses requirements of the following standards:
- IFRS 9, Financial Instruments
- IAS 32, Presentation of Financial Instruments
- IFRS 7, Financial Instruments: Disclosures
Course topics include the following:
- Scope and scope exceptions of these standards
- Definition and types of financial instruments
- Classifying financial assets based on cash flow and business model tests
- Basic concepts surrounding recognition, measurement, presentation, and disclosure of financial instruments
This course includes interactive learning elements, video content, and real-life application through case studies.
- 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
Who should take this course?
- Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS
- Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS
- Anyone preparing for the ACCA Diploma in IFR
Professional development
This Course - Online offers 2 hours of CPE credit.
Prerequisites: | Familiarity with financial reporting and accounting principles under IFRS |
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Duration: | 2h |
Format: | Course - Online |
Access: | This is a digital product. You will have access to the content for a year after purchase date. Course access is given within 2 days of purchase via email from AICPA |
Certification
Students get a AICPA certification after scoring 70% and above on the assessment at the end of the course