Why you should follow this course
Since financial instruments are present in almost every entity,
it is vital that they are shown in the balance sheet of the
company at a value that truly reflects their economic reality.
Fair value is sometimes used as a subsequent measurement
for financial assets and financial liabilities, however,
measuring fair value might not be a very straight forward
task. The reason behind this module is to help you
understand which financial assets and financial liabilities
have to be subsequently measured at fair value and if so, how
to determine the fair value for each financial instrument.
This module will also give you an understanding of when the
financial instruments have to be reclassified and how to recognise
or derecognise them.
- Identify financial assets and financial liabilities subsequently measured at fair value
- Define the fair value concept and understand the fair value measurement approach
- Understand reclassification criteria under IAS 39 and IFRS 9
- Determine when to recognise and derecognise financial assets and financial liabilities