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Chapter 11

Financial instruments

Outcome

By the end of this session you should be able to:

 apply and discuss the recognition and derecognition of financial assets or
financial liabilities

 apply and discuss the classification of financial assets or financial liabilities and
their measurement

 apply and discuss the treatment of gains and losses arising on financial assets
and financial liabilities

 apply and discuss the treatment of the expected loss impairment model

 account for derivative financial instruments and simple embedded derivatives

 outline the principles of hedge accounting, and account for fair value hedges
and cash flow hedges including hedge effectiveness.

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 11 of your Study Text

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