This programme aims to provide an overview on the classification, recognition, measurement and disclosure requirements of financial instruments under FRS. The programme covers FRS 32, FRS 39 and FRS 107. In addition the programme gives an update on the latest changes to the standards in 2010 and an outlook on the future of accounting for financial instruments under the new exposure draft.

Programme Outline 

• Overview and Introduction to Financial Instruments
• Standards covering financial instruments under FRS 

              – FRS 32 Financial Instruments – Disclosure and Presentation

              – FRS 39 Financial Instruments – Recognition and Measurements

              – FRS 107 Financial Instruments: Disclosures

• Financial Instruments 

              – Nature and Characteristics of Financial Instruments

              – Classification

              – Measurement of financial assets and liabilities

              – INT FRS 119 on Debt-Equity Swaps

              – Recognition and de-recognition

• Embedded derivatives
• FRS 107 Financial Instruments Disclosures 

              – Fair value disclosures

              – Liquidity risk disclosures

Intended For

Chief Financial Officers, Financial Controllers, Finance Managers, Auditors, Accountants and those involved in the preparation and interpretation of financial statements. Other users of financial information will also find the seminar beneficial.