Financial instruments (IAS 39) - advanced aspects - recognition and measurement

Applying IAS 39

Those with a basic understanding of the theory behind IAS 39 who are struggling to put that theory into practice. Anyone with considerable exposure to financial instruments or who has a keen interest in the subject would benefit.

A recap of the basic principles followed by a more detailed examination of topics such as hedging, embedded derivatives and measurement issues.

Throughout the course, examples and case studies will be used to help you get to grips with the practicalities of applying the standard and how it will impact on your financial statements.

The speaker will be drawn from a pool of subject specialists who are qualified professionals. Having worked for leading organisations they will bring their subject to life by relating the course content to real life case studies.

• How to identify embedded derivatives and how to account for them.
• How to tackle common measurement issues, including applying the effective interest rate method, establishing fair values and accounting for instruments denominated in foreign currencies.
• How to apply hedge accounting in practice, including a discussion on how to ensure your hedge documentation is adequate and how to undertake effectiveness testing.

This course includes only a brief overview of IFRS 9, as the new standard has yet to be approved for use within the EU and is not likely to be mandatory until 2015. Financial instruments - IFRS 9 and the replacement of IAS 39 provides more details.

The course starts at 9.30am, with registration and coffee from 9.00am, and ends at 4.30pm. Lunch and refreshments are provided.

5.5 CPD hours (where applicable)

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If you have any queries please email or phone us on +44 (0)845 026 4722.

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