Financial Instruments - Accounting Issues

This course deals with all aspects of financial instruments dealt with in FRS 102 in sections 11 and 12, including the accounting and disclosure requirements. The two sections cover basic financial instruments and other or more complex financial instruments.  

Content:  

• Basic instruments at amortised cost  
• Basic instruments at fair value  
• How to determine fair value  
• Financing transactions – loans not at normal market rate  
• Loans to small entities from owner-managers  
• Implications for distributable profit  
• Non-basic instruments including forward exchange rate, futures, and interest rate swaps  
• Hedging compared to Hedge accounting  
• Overview of differences between UK GAAP and international accounting standards 

 The content for online courses predating 2024 may vary.