Watch a qualified CPA instructor teaching the course and access a copy of the same course material that is provided to attendees of an in-person session. 

After registering for a Video on Demand course, CPA Saskatchewan will send you information on how to access the course within 2 business days.

Click HERE for more information on Video-On-Demand courses

OBJECTIVE:
The course is designed to teach participants the main provisions of the IASB standards over financial instruments and provide them with the necessary knowledge to apply it to their own financial instrument fact situations.

The course will cover IAS 32 which provides guidance for presenting financial instruments as liabilities or equity and the classification of related interest, dividends, losses and gains. The course will also cover provisions over offsetting of financial assets and liabilities.

IFRS 9 will form a significant component of the course as it contains the guidance over financial instrument classification, measurement and impairment and their timing of recognition and many provisions of IFRS 9 that can be difficult to apply and/or require significant judgments are covered.
The course will also cover IFRS 7 disclosure provisions which are meant to show the nature and significance of a company’s financial instrument holdings and their performance, but also their associated risks and how the company manages those risks.

The course will assist participants by providing them with the practical knowledge to understand the concepts and provisions of these financial instruments standards and how to apply them to their portfolio of financial instruments. The standards apply to all companies and often require planning, systems, and processes to apply them effectively. The course will cover real-world examples and case studies and will also cover the current developments associated with financial instruments

WHO WILL BENEFIT:
Professionals responsible for the accounting, presentation, and disclosure of financial instruments under the Part I – International Financial Reporting Standards.

LEARNING OUTCOMES:
In the course, participants will develop their understanding of:

• the three classification categories and related criteria for financial assets,
• key factors to consider in assessing whether an instrument or its components represent an equity or liability instrument (or derivative) and common areas where this assessment occurs,
• the subsequent measurement models for financial assets and liabilities,
• key concepts, elections, and application of the IFRS 9 expected credit loss impairment model,
• presentation and disclosure requirements and examples of such disclosures,
• new hedge accounting model under IFRS 9 and how to identify certain derivative and embedded derivatives, and
• recent developments.

CONTENT:

•  Overview and scope
• Classification, reclassification and presentation
• Initial recognition, subsequent measurement, de-recognition and offsetting 
• Impairment
• Disclosures
• Future developments
• Derivatives and embedded derivatives
• Hedging

PREREQUISITE:
Although not mandatory, participants would benefit from pre-reading the most recent edition of IFRS 9, IFRS 7, and IAS 32 contained in the CPA Handbook – Accounting, Part I International Financial Reporting Standards (IFRS)