Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course is designed to teach participants the main provisions of Financial Instruments standards included in Part I of International Financial Reporting Standards, including IFRS 9, Financial Instruments, IFRS 7, Financial Instruments: Disclosures and IAS 32, Financial Instruments: Presentation.
These standards apply to all companies and require some analysis related to classification, measurement, impairment or presentation and disclosure provisions.
This course is designed to teach participants the main provisions of the IASB standards over financial instruments and provide participants with the necessary knowledge to apply those standards to their own financial instrument fact situations.
The course will cover IAS 32 which provides guidance for presenting financial instruments as liabilities or equity and the classification of related interest, dividends, losses and gains. This course will also cover its provisions over offsetting of financial assets and liabilities.
IFRS 9 will form a significant component of the course as it contains the guidance over financial instrument classification, measurement and impairment and their timing of recognition. We will cover many provisions of IFRS 9 that can be difficult to apply and/or require significant judgment.
The course will also cover IFRS 7 disclosure provisions which are meant to show the nature and significance of a company’s financial instrument holdings and their performance, but also their associated risks and how the company manages those risks.
This course will assist participants by providing them with the practical knowledge to understand the concepts and provisions of these financial instruments standards and how to apply them to their portfolio of financial instruments. These standard apply to all companies and they often require certain planning, systems and processes to apply them effectively. The course will cover real-world examples and case studies and will also cover recent standard developments associated with financial instruments.
Topics Include:
- Overview and scope
- Classification, reclassification and presentation
- Initial recognition, subsequent measurement, de-recognition and offsetting
- Impairment
- Disclosures
- Future developments
- Derivatives and embedded derivatives
- Hedging
NOTE: This course description has been revised and reflects updates for 2025. If you have any questions, please contact pdevents@cpaontario.ca.
Other Available Sessions
Schedule
- November 13, 2025, 9:00 a.m. - 12:30 p.m.
- November 14, 2025, 9:00 a.m. - 12:30 p.m.
Key Takeaways
By the end of this course, participants will learn the following about financial instruments:
- The three classification categories for financial assets and related criteria;
- Key factors to consider in assessing whether an instrument or its components represent an equity or liability instrument (or derivative) and common areas where this assessment occurs;
- The subsequent measurement models of financial assets and liabilities;
- Key concepts, elections and application of the IFRS 9 expected credit loss impairment model;
- Presentation and disclosure requirements and examples of such disclosures;
- Hedge accounting model under IFRS 9 and how to identify certain derivative and embedded derivatives; and
- Recent developments.
Who Will Benefit
Professionals responsible for the accounting, presentation and disclosure of financial instruments.
Prerequisite(s)
Although not mandatory, participants would benefit from pre-reading the most recent edition of IFRS 9, IFRS 7 and IAS 32 contained in the CPA Handbook – Accounting Part I.
How to Access the Course
This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.
If available, course materials can be accessed 2 business days prior to the course and should be downloaded in advance.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Paul Rhodes, CPA, CA, FCA (ICAEW) - with over 20 years public accounting experience, the last 10 as an audit partner in a large accounting firm, Paul has seen a broad array of engagements with varying complexity and diversity. In addition, he led the firm’s International Financial Reporting Standards (IFRS) group. Paul recently started his own practice providing expert accounting, financial reporting and quality control services to ensure the highest standards are achieved. His passion is that of an innovator with strong intellectual curiosity who looks for new approaches to solving problems. Paul is committed to transferring knowledge in all the work he does and is currently contributing technical writing to John Wiley & Sons, Inc. He holds the CPA CA designation from Chartered Professional Accountants of Ontario and the FCA from the Institute of Chartered Accountants in England and Wales.