IFRS: Financial Instruments

IAS 32: Financial Instruments Presentation
• What are the objectives of IAS 32?
• What are the key definitions?
• How do we present a financial instrument on its initial recognition?
• How are puttable instruments dealt with?
• What if there is no contractual obligation to deliver cash or another financial asset?
• What are the settlement provisions and options?
• How should we treat compound financial instruments and ‘treasury shares’?
• How should interest, dividends, losses and gains be dealt with?
• Can financial assets and financial liabilities be offset?

IAS 39 and IFRS 9: Financial Instruments Recognition and Measurement
• Why are we talking about two IFRSs here?
• What are the objectives and scope of IFRS 9?
• When should financial instruments be subject to initial recognition?
• What do I need to know about transfers and derecognition?
• What about ongoing involvement in transferred assets?
• Are there other rules relating to transferred financial assets?
• When should there be a derecognition of a financial liability?
• How do we classify financial assets?
• What about the rules for the classification of financial liabilities?
• How should I deal with embedded derivatives?
• What about the initial measurement of financial instruments?
• How do I treat impairment issues?
• How do I assess significant increased in credit risk?
• How are reclassifications of financial assets dealt with?
• How should gains and losses be accounted for?
• What are the objectives and scope for hedge accounting?
• How do we account for hedge relationships?

IFRS 7: Financial Instruments Disclosures
• What are the objectives of IFRS 7?
• How do we make disclosures relating to the statement of financial position?
• How should we make disclosures relating to the statement of comprehensive income?
• What other disclosures are required?
• What about the hedge accounting disclosures?
• What about risk disclosures?
• What about transfers?