Welcome to the IFRS 9 (1) - Classification and Measurement e-learning module

This module covers the background, scope and principles relating to the classification and measurement of financial assets and liabilities under IFRS 9 Financial Instruments: Classification and Measurement and the application of this Standard. By completion of this module, you will be able to:

  • Identify when to recognize a financial instrument
  • Classify financial assets into one of the three financial asset categories and financial liabilities into one of two financial liability categories as required
  • Apply the appropriate measurement basis for the relevant financial asset or financial liability category
  • Define a derivative and distinguish between 'normal' contracts and derivative contracts
  • Account for embedded derivatives
  • Account for financial guarantee contracts and
  • Identify the accounting considerations for financial instruments relating to business combinations under IFRS 3.

The duration of this module is about 2 hours and there is an assessment at the end of the module to test your knowledge.

Please click Download button to download the module.

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