Comprehensive IFRS 9 Financial Instruments Summary – Clear and Exam-Ready

This detailed IFRS 9 Financial Instruments summary provides a structured and easy-to-understand breakdown of key concepts related to the classification, measurement, and impairment of financial assets and liabilities. Perfect for students aiming to master IFRS 9 concepts efficiently and excel in exams. What’s Included: Link to IAS 32: Explanation of how IFRS 9 builds on IAS 32 in classifying financial instruments. Financial Asset Classification: Covers the various classifications under IFRS 9, including: Amortized Cost: Conditions, cash flow characteristics, and business models. Fair Value Through Other Comprehensive Income (FVOCI): Debt vs. equity instruments and recognition criteria. Fair Value Through Profit or Loss (FVTPL): When to classify under this category. Financial Asset Measurement: Initial and subsequent measurement principles. Detailed journal entries and calculations. Impairment and Allowance for Credit Losses: 12-month vs. lifetime expected credit losses. Explanation of significant credit risk increases and recognition criteria. Financial Liabilities: Measurement methods: amortized cost vs. fair value through profit or loss. Subsequent measurement and transaction cost treatment. Derivatives and Foreign Exchange Contracts (FECs): Explanation of forward and futures contracts. Recognition, settlement, and financial reporting treatment. Illustrations & Concept Maps: Helps visualize complex topics for better retention. Why Buy This Summary? Comprehensive Coverage: Everything you need to know for IFRS 9 exams and practical applications. Exam-Oriented: Focuses on key examinable areas with practical examples. Student-Friendly Format: Clear, concise, and easy to follow. Great for Accounting Students: Ideal for university students, postgraduates, and professionals preparing for accounting certifications. Format: PDF Pages: 6 Level: Undergraduate & Postgraduate Accounting Studies