This workshop aims to provide you with an understanding of applying the recognition and disclosure requirements for financial instruments as required by the new HKFRS 9 Financial Instruments, along with HKFRS 7 Financial Instruments: Disclosure and HKAS 32 Financial Instruments: Presentation.
Overview
This workshop aims to provide you with an understanding of applying the recognition and disclosure requirements for financial instruments as required by the new HKFRS 9 Financial Instruments, along with HKFRS 7 Financial Instruments: Disclosure and HKAS 32 Financial Instruments: Presentation.
Key topics covered:
- What are financial instruments?
- Definition of a financial instrument
- Liability or equity
- Instruments that are a mix of liability and equity
- Contracts to buy or sell non-financial items
- Derivative financial instruments
- Recognition and derecognition of financial assets and financial liabilities
- Classification of financial assets and financial liabilities
- Initial measurement
- Subsequent measurement of financial assets
- Impairment of financial assets
- Impairment of financial assets carried at amortised cost
- Subsequent measurement of financial liabilities
- Investments in equity securities
- Liabilities designated at fair value through profit or loss
- Compound financial instruments
- Hedging relationships
- Accounting for hedging relationships
- Special accounting rules
- Assessing hedge effectiveness
- Discontinuing hedge relationships
- Increased disclosures
- Disclosure issues
Trainer profile:
Cheung Pat Yan Jacky CPA (Aust.), Lecturer, The Open University of Hong Kong
Jacky is a member of CPA Australia, and lecturer teaching financial reporting and management accounting in the Open University of Hong Kong.
Objectives
- Identify primary and derivative financial instruments
- Recognise the criteria for the recognition and derecognition of financial assets and financial liabilities associated with financial instruments
- Demonstrate the approach to the classification, reclassification and measurement of financial assets and financial liabilities
- Apply the fair value hedge and cash flow hedge methods
- Operate measures and recognise financial instruments in the financial statements under HKFRS 9 and HKAS 32
- Execute the key disclosures required for financial instruments under HKFRS 7
Audience
This workshop is suitable for accounting and finance professionals who prepare, read, audit and analyse financial statements.
Classroom 3 Hours
100053751