Home / My courses / FAC621S / General / Week 11 - 14 / IFRS 7 & 9, IAS 32 Financial instruments

Financial Accounting 202_S2_2023

 Back to course

IFRS 7 & 9, IAS 32 Financial instruments

The book holds content for weeks 7 - 9

 

Topic title: IAS 32, IFRS 7 & 9 Financial instruments Sub-topic title: Compound financial instruments, Settlement of entity’s own
financial instruments,

disclosure and presentation


Competence/Attributes Meaning of compound FIs

1.      Account for financial instruments ·        Are non-derivative FIs that from the issuer’s point of views con- tain contain
both financial liability and an equity instrument
 
·        the instrument must be split whereby the liability and equity instruments are
Learning Outcomes:
separately recognised. The splitting involves:
2.      Account for compound financial instruments
o   determining the FV of the compound FI as a whole
3.      Account for settlement of entity’s own financial
o   determining the FV of the financial liability
instruments
o   determine the value of the equity instrument
4.      Present and disclose financial instruments
·        Illustration: refer to example 31, pg 1042, Gripping GAAP 2019/2020
Content Prerequisites
Settlement of entity’s own financial instruments
-        Compound -        Conceptual framework
financial instruments ·        A contract settled by delivering a fixed number of its own equity instrument
-        Double entry principles exchange for a fixed amount of cash or another financial asset in an equity
-        Settlement of instrument.
 
entity’s own financial
instruments ·        Illustration: refer to example 39, pg 1053, Gripping GAAP 2019/2020
Remark
  Presentation and disclosure
-        Attempt illustrations on
these concepts from the
Prescribed text:
prescribed text
-        Service C. L
(Latest) Gripping -        Read up on presentation
GAAP: Your Guide to and disclosure.
International Financial  
Reporting Standards,
LexisNexis

 

 Back to course

eLearning implementation for the service of students, academic staff, researchers and administrators.

Quick Links

Need assistance to migrate your online courses? If so, click here and fill in the requested information. Fill in the information even though
you are planning to migrate your own courses.
 Follow Us

 

Contact
13 Jackson Kaujeua Street, Windhoek, Namibia

 Phone: +264-61-207-2580

 E-mail: tlu@nust.na

Deployed by TLU and Theme developed by LMSACE.com. Hosted by DICT

Data retention summary

Get the mobile app Namibia University of Science and Technology (NUST) - This VLE is hosted by DICT - (C) 2022.