IFRS 9 Financial Instruments: Part 2 (ICAS)


This is the second of two courses examining the key requirements of IFRS 9 Financial Instruments. It covers the derecognition principles for financial assets, and the criteria for, and mechanics of, hedge accounting.


This course is the second of a pair of courses which give an overview of the key requirements of IFRS 9 Financial Instruments. It starts by considering the criteria for derecognition of financial assets and financial liabilities. It then examines the types of hedges, the appropriate accounting in each case, and the criteria to be satisfied if hedge accounting is to be adopted.

Learning Outcomes:

On completion of this course you will have a greater understanding on how to:

  • Account for financial instruments in compliance with IFRS standards
  • Understand and interpret financial statements which contain financial instruments and their impacts
  • Identify areas where further detailed research may be required

Course Content:

  • Derecognition of financial assets
    • The accounting problem
    • The five step process
  • Derecognition of financial liabilities
  • Hedge accounting
    • Objectives
    • Hedging vs hedge accounting
    • Types of hedge
    • Hedge accounting methods
    • Eligible items and instruments
    • Designation and documentation
    • Effectiveness criteria
    • Rebalancing and discontinuation

Authored by: Bruce Cowie, Head of Financial Reporting at BPP Professional Devlopment

Bruce Cowie is the Head of Financial Reporting Programmes at BPP Professional Development. He has been training full time in Financial Reporting topics since 1985, and has an expertise in IFRS, UK GAAP and US GAAP. He has trained across the world (e.g. USA, Europe, APAC, Australia, Argentina) for large multinationals, small and medium sized companies, accounting firms, professional bodies and Government entities, and still maintains a genuine love for his subjects. He has spent a considerable time in training firms for the transition to IFRS and to the new UK GAAP.

CPD Points: 1

CPD Duration (hours): 1

Access: 12 months from purchase date

Price: £35.00 (excludes VAT)