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: No updates or changes were made to the 2026 version of this course. If you completed the course in 2025, please be advised the 2026 course material has not changed. If you have any questions, please contact pdevents@cpaontario.ca.
Schedule
- February 23, 2027, 1:00 p.m. - 5:00 p.m.
- February 24, 2027, 1:00 p.m. - 5:00 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 delivered as a live webinar. To receive verifiable CPD hours, you must attend the session live. We recommend joining at least 5 minutes before the scheduled start time. For the best interactive experience, please use a computer equipped with a camera and microphone.
A reminder email with the Zoom link and course details will be sent two business days before the session. If you do not receive it, please check your spam or junk folder.
The same information, including any available materials, will also be posted in advance on our Blackboard LMS.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Elizabeth J. Farrell, FCPA, FCA is an Adjunct Professor at the Schulich School of Business. In recognition of her excellence in teaching she was selected as the winner of the Seymour Schulich Award for Teaching Excellence in 1999, 2003 and 2009 and nominated for the award in 2004, 2005, 2006, 2011 and 2015. She was selected as the winner of the John Peace Teaching Award in 2002 and 2012. Elizabeth served as assistant coordinator at CPA Ontario's School of Accountancy. She has taught executive development courses for the Schulich School of Business, professional development courses for CPA Ontario and firms. Elizabeth is a co-author of Intermediate Financial Accounting. Her publications also include an accounting case analysis software package, study guides, ASPE: A Comparison to IFRS, IFRS A Review of the Standards, IFRS Leases and co-author Researching and Documenting an Accounting Issue and ASPE and NFPO Update, professional development courses, and a variety of case material. Elizabeth was a member of the Competency Map Committee. She was one of the lead authors for the assurance elective module for the CPA PEP program. Elizabeth has also served on the Board of Directors for a number of not for profit organizations.