Financial Instruments (IAS 39) - Advanced Aspects - Recognition & Measurement


Cost for BPP PD Members: £415 + VAT 6 CPD Hours
(£599.00 + VAT for non BPP PD Members Click Here for details of our membership scheme).

Course Level



This course is suitable for those with a basic understanding of the theory behind IAS 39, but who are struggling to put that theory into practice. Anyone with considerable exposure to financial instruments or who has a keen interest in the subject would benefit from attending this course.

Course Content

Gain an insight into some of the practical problems of applying IAS 39.

Following a quick recap of the basic principles, the course looks in more detail at topics such as hedging, embedded derivatives and measurement issues.

Examples and case studies are used throughout to help delegates get to grips with the practicalities of applying the standard and how it will impact on their financial statements.

This course also provides a brief overview of IFRS 9 Financial Instruments. The final version was issued in July 2014 and is effective for periods beginning on or after 1 January 2018. For more detail see Financial instruments – IFRS 9 & the replacement of IAS 39.

Learning outcomes include obtaining a greater understanding of:

  • How to identify embedded derivatives and how to account for them.
  • How to tackle common measurement issues, including applying the effective interest rate method, establishing fair values and accounting for instruments denominated in foreign currencies.
  • How to apply hedge accounting in practice, including a discussion on how to ensure your hedge documentation is adequate and how to undertake effectiveness testing.

"A CPD certificate of completion will be provided by BPP Professional Education Limited upon request, following attendance."

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