Accounting Assignmernt

ACCT 303 Homework Assignment

IFSR 9: Financial Instruments

This assignment must cover the following 6 points about IFSR 9: Financial Instruments

1. Introduction about IFRS 9 and changes brought by IFRS 9 over IAS 39.

2. Financial assets classification according to IFSR 9 (business model criteria, initial recognition and subsequent measurement)

3. Financial liabilities classification according to IFSR 9 (business model criteria, initial recognition and subsequent measurement)

4. Hedge accounting according to IFRS 9 (hedge criteria and types)

5. Impairment of financial assets according to IFRS 9

6. Expected credit loss according to IFRS 9

Suggested links to use, but you may search and use other sources • https://www.iasplus.com/en/standards/ifrs/ifrs9

• https://www.bdo.co.uk/en-gb/insights/audit-and- assurance/corporate-reporting/ifrs-9-explained-the-classification

• https://www.pwc.com/gx/en/audit-services/ifrs/publications/ifrs- 9/ifrs-9-understanding-the-basics.pdf

• https://www.accaglobal.com/lk/en/student/exam-support- resources/professional-exams-study-resources/strategic-business- reporting/technical-articles/ifrs-9.html

• https://www.ifrs.org/issued-standards/list-of-standards/ifrs-9- financial-instruments/

Instructions

• Smart briefing for all requirements is required, not more than 6 pages

• It must be submitted in a word file format.

• All assignments will be examined by Turnitin for a plagiarism check. Advice: read the resources well and summarize in your own way but please do not copy and paste.

• One practical example is required for one of the six points

• Grades will be given based on the organization, content and clarity. Advice: use of charts/diagrams to explain classification/measurement.

• It should be submitted by Thursday, December 31st 2020.