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Note: All the materials in this blog post have been made available to the public for free download by the respective sources. They are compiled here for ease of access to you.
IFRS 9 Financial instruments is an accounting standard that requires several hours of study to understand. Yet, it has one of the most significant impact on businesses all over the world. Literally every company has a financial instrument in its books, and as such, every accountant is expected to have a good knowledge of IFRS 9 Financial instruments.
This blog post compiles for you guidance made available by the Big 4 and other Audit firms to help you with the learning and understanding of IFRS 9.
Fun fact:
- The first company to adopt IFRS 9 was the European Central Bank, which adopted it in 2018.
- The largest financial instrument in the world is the US Treasury market. The US Treasury market is over $25 trillion in size, and it is used to finance the US government's debt.
- The IASB spent over 10 years developing IFRS 9, and it is one of the most complex accounting standards ever issued.
- IFRS 9 has been translated into over 40 languages, and it is used by companies in over 140 countries around the world.
- The most complex financial instrument ever created was the credit default swap (CDS). CDSs were used to insure against the default of debt obligations, and they played a major role in the financial crisis of 2008.
The below resources (PDF, videos and eLearns) provide comprehensive coverage of IFRS 9, including its key requirements and practical guidance. Whether you are new to IFRS 9 or need a refresher, these resources will be helpful..
Financial Instruments Summary:
Source: PwC
PwC Financial instruments summary - IFRS 9 Pdf
PwC Financial instruments practical guide - IFRS 9 Pdf
Source: BDO
BDO Financial instruments summary - IFRS 9 Pdf
Video
Source: IFRS IS EASY
Financial Instruments Masterclass - IFRS 9 video
Understanding Financial instruments - IFRS 9 video
Source: PwC
PwC IFRS 9 for Corporates - video
Source: BDO
BDO IFRS 9 financial instruments for related party loans Pdf
Source: PwC
PwC IFRS 9 financial instruments for non-financial entities Pdf
Source: KPMG
KPMG IFRS 9 financial instruments in-depth technical guidance Pdf
Classification and measurement of Financial Instruments:
Source: EY
EY Classification and measurement of Financial instruments - IFRS 9 Pdf
eLearn
Source: Deloitte
Deloitte Classification and measurement of Financial instruments - IFRS 9 eLearn
BDO Classification and measurement of Financial instruments - IFRS 9 eLearn
Impairment of Financial Instruments (Expected credit losses):
Source: PwC
PwC Impairment of Financial instruments - IFRS 9 Pdf
Source: EY
EY Impairment of Financial instruments - IFRS 9 Pdf
eLearn
Source: Deloitte
Deloitte Impairment of Financial instruments - IFRS 9 eLearn
Source: BDO
Hedge accounting:
Source: PwC
PwC Hedge accounting - Financial instruments - IFRS 9 Pdf
Source: EY
EY Hedge accounting - Financial instruments - IFRS 9 Pdf
Source: KPMG
KPMG Hedge accounting - Financial instruments - IFRS 9 Pdf
eLearn
Source: Deloitte
Deloitte Hedge accounting - Financial instruments - IFRS 9 eLearn
Source: EY
EY Illustrative financial statements for Banks on Financial instruments - IFRS 9 Pdf
Source: Deloitte
Deloitte Illustrative financial statements for Banks on Financial instruments - IFRS 9 Pdf
Source: PwC
PwC Illustrative financial statements for Banks on Financial instruments - IFRS 9 Pdf
Other Financial Instruments Topics:
eLearn
Source: BDO
BDO Intercompany loans - IFRS 9 eLearn
BDO Disclosures - IFRS 7 and 9 eLearn
IFRS 9 Standard
Source: IASB