Financial Instruments International Accounting Standards

Not applicable

After a brief presentation of the theoretical framework of the subjects, active teaching-learning methodologies will be prioritised, with a high
practical component, seeking the involvement and active participation of the students. To this end, the following tools will be used:
a) students will carry out, individually or in small groups, under the guidance of the teacher, a set of teaching exercises on the different
topics of the programme;
b) carrying out, presenting and discussing in class a group work on one of the topics in chapters 2 and 3 of the syllabus. The work must necessarily involve a practical component.
In order for the teaching-learning process to be as motivating and effective as possible, the theoretical framework of the different topics in
the programme chapters will be complemented whenever possible with examples based on real companies.

Within the scope of this course unit, the following objectives are sought to be achieved:

1. To provide students with a deep knowledge and understanding of the content of IAS/IFRS related to financial instruments.
2. To provide students with an in-depth understanding of its practical application, meeting the demands faced by financial analysts.

During this course, students must acquire the following skills:

1. Understand the structure of standards related to financial instruments issued by the IASB;
2. Master the accounting treatment of financial instruments in accordance with that regulatory framework;
3. Recognise the main differences between that standard in relation to the FASB standard and the SNC standard;
4. Be able to interpret the accounting information related to financial instruments from a financial analysis perspective.

1. INTRODUCTORY AND BACKGROUND ISSUES
1.1 The process of international accounting harmonization
1.2 General principels of the IASB’s accounting standards and its underlying philosophy
1.3 Conceptual framework and financial information requirements
2. FINANCIAL INSTRUMENTS
2.1 Financial instruments: presentation (IAS 32)
2.2 Financial instruments: initial recognition, derecognition, classification and subsequent measurement (IFRS 9)
2.3 Impairment (IFRS 9)
2.4 Hedge accounting (IAS 39 and IFRS 9)
2.5 Financial instruments: disclosures (IFRS 7)
3. MAIN DIFFERENCES IN TREATMENT AND REPORTING COMPARED TO OTHER STANDARDS
3.1 In relation to US GAAP
3.2 In relation to NCRF 27
4. ACCOUNTING INFORMATION ON FINANCIAL INSTRUMENTS AND FINANCIAL ANALYSIS
4.1 Examples of the impact of different types of accounting treatment on the calculation and interpretation of some indicators
4.2 Case studies

NAO