Outcomes
By the end of this training course, trainees will be able to :
- Explain and apply the IASB's Conceptual Framework for Financial Reporting.
- Verify the various accounting treatments of financial instruments, including the measurement, recognition, derecognition
- Apply relevant financial reporting standards of financial instruments in practical cases.
- Identify and apply disclosure requirements of financial instruments in financial reports and notes.
Target Group
- Senior Accountants in financial institutions and companies.
- Credit managers and credit analysts .
- Those who are dealing with financial instruments, (debt and equity investments).
- Preparers of financial statements.
Contents
- Definition of financial instrument (Primary & Derivative).
- Classifying financial instruments as financial asset, financial liability and equity instrument.
- Initial recognition of financial instruments (debt instrument, equity instrument).
- Subsequent measurement of financial instruments (debt instrument, equity instrument, derivative).
- Various classifications of financial instruments (amortized cost, fair value through other comprehensive income, fair value through profit or loss).
- Calculating the amortized cost and fair value adjustment and how the gain or loss will be presented and classified in financial statements.
- Reclassifying of financial instruments.
- Impairment Accounting.
- The accounting of derecognition of financial assets and financial liabilities.
