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Courses/Accounting & Tax/Accounting

ASPE and ASNPO — Financial Instruments

A Comprehensive Exploration of Financial Instruments, Their Management, and Reporting

Created byAri Shulman
4.6
(206 reviews)
BeginnerUpdated Apr 17, 2024
ASPE and ASNPO — Financial Instruments

What You'll Learn

check_circleIdentify and classify various financial instruments based on their characteristics and the applicable financial regulations.
check_circleAssess and manage the risks associated with different types of financial instruments.
check_circleApply proper recognition and measurement practices for financial instruments under both IFRS and ASPE.
check_circleAnalyze the impact of financial instruments on the financial statements of an organization.
check_circleImplement advanced accounting practices like ECL, hedge accounting, and the treatment of derecognition.
check_circleConduct effective financial disclosures and sensitivity analyses to meet compliance and enhance financial transparency.
check_circleApply the principle of substance over form in recognizing and reporting financial instruments, ensuring accurate reflection of the economic reality.

About This Course

This course offers a deep dive into the world of financial instruments, focusing on their types, risk levels, recognition, measurement, and impact on financial statements. Participants will gain a robust understanding of how various financial instruments are used, evaluated, and reported in corporate finance. The course covers everything from basic concepts to complex accounting standards (like IFRS and ASPE), providing learners with practical knowledge and skills to handle financial instruments effectively in their professional careers. Key topics include risk assessment, amortization, fair value measurement, and the implications of financial instruments on financial statements.


Topics List:

  • Introduction to Financial Instruments
  • Risk Assessment of Financial Instruments
  • Recognition and Measurement Standards
  • Financial Instruments Under IFRS and ASPE
  • Impairments and Credit Losses
  • Related Party and Arm’s Length Transactions
  • Accounting for Forgiveness and Derecognition
  • Offsetting Financial Instruments
  • Financial Statement Disclosures and Sensitivity Analysis
  • Substance Over Form Principle

  • Your Instructor

    Ari Shulman
    Ari Shulman
    menu_book5 courses
    star421 reviews

    Ari Shulman is a Director, Business Applications and Technology at Hockey Canada and a Chartered Professional Accountant (CPA Canada). Completed: Graduate Accounting Diploma at McMaster University, Master of Business Administration - MBA at McMaster University, and Bachelor of Arts (B.A.) at The University of Western Ontario.

    Credit Information

    Is this course eligible for my CPD requirements as a Canadian CPA?

    Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

    Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

    What Students Are Saying

    4.6
    Student's Choice
    206 reviews

    Frequently Asked Questions

    We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.