Search
0
Basket
Search
Keywords
Type of Event
Topics
Month
Postal Code Radius
Country and region
Search
Product Details

IAS 27 Separate financial statements

£30.00
In stock
Global - PE
Professional Education
Description
IAS 27 Separate financial statements
Overview
Financial instruments are pervasive across all reporting entities and even more so in the financial services sector. Examples of financial instruments are cash and balances with central banks, investments which can include equity investments or bonds, loans and advances to customers, derivatives and repurchase agreements. There are a number of standards that are relevant to financial instruments. IAS 32 deals with presentation, IFRS 9 with accounting and IFRS 7 with disclosures on financial instruments. Also relevant is IFRS 13 about fair value measurement.

This course outlines the definitions of different types of financial instruments, the classification and measurement criteria for financial instruments, separately discussing the business model assessment and the SPPI (solely payments of principal and interest) test, the concept of fair value and amortised cost, financial instruments' derecognition and modification criteria, how to distinguish debt from equity and outlines also the main aspects of impairment calculation, that is explains what expected credit loss model is about. The course uses practical examples highlighting banking sector related issues to help you understand the essentials of IFRS 9 and IAS 32 standards and interim tests to enhance understanding.

This course will enable you to:
review the relevant standards related to financial instruments
understand the concept of financial assets and financial liabilities
define different types of financial assets and financial liabilities focusing especially on banks
classify an instrument as debt or equity instrument according to IAS 32 standard
identify factors of business model assessment to be able to define appropriate business models for financial assets
decide whether an instrument meets the SPPI (solely payment of principal and interest) test
understand the concept of fair value and amortised cost
make appropriate classification of financial instruments into one of the following categories: amortised cost, fair value through other comprehensive income and fair value through profit or loss
apply recognition and measurement rules based on classification
understand the IFRS 9 standard's requirements for derecognition and modification of financial assets and financial liabilities
understand IFRS 9's 3 stage expected credit loss (ECL) model and define relevant pattern to calculate expected credit loss on financial assets
All of the above listed topics are highly focusing on issues in the banking sector.

This e-learning course is part of an e-learning series designed by PwC Academy Hungary which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (local) accounting and reporting processes.
Back
Basket
Item(s) £0.00
Grand Total £0.00

ACCA on the web

Useful links

Popular links

Call us

+44 (0)141 582 2000

ACCA Mail

Login to ACCA mail
Powered by Configio a CommunityBrands owned company 1825 N Hutchinson Rd, Suite 300, Spokane Valley, WA 99212