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IFRS 7Financial Instruments: Disclosures

IFRS 7Chapter 2Lesson 2

Offsetting: the table from gross to net

Step 1 of 4Learning objectives

Go deeper+3 deeper insights · +1 calculation · +1 point of attention

A net amount in the balance sheet hides gross amounts and set-off rights: IFRS 7 asks for a table that measures their effect, with a cap per instrument.

30 minNot started

Learning objectives

  • Say which instruments enter the offsetting table, offset or not.
  • Calculate the net amount presented and then the net amount after related instruments and financial collateral, with the cap.
  • Separate the IAS 32 offsetting criteria from the IFRS 7 disclosures.

In this lesson

Original teaching content: it paraphrases the standard without reproducing it and does not replace the official text.

Contents — IFRS 7 — Financial Instruments: Disclosures

  1. 1 · Not startedObjective, scope and classes of instruments0 / 1 lesson
  2. 2 · Not startedSignificance for financial position and performance0 / 2 lessons
  3. 3 · Not startedHedge accounting disclosures0 / 0 lessons
  4. 4 · Not startedFair value disclosures0 / 1 lesson
  5. 5 · Not startedNature and extent of risks0 / 1 lesson
  6. 6 · Not startedCredit risk disclosures0 / 2 lessons
  7. 7 · Not startedLiquidity risk and market risk0 / 2 lessons
  8. 8 · Not startedTransfers of financial assets0 / 1 lesson
  9. 9 · Not startedLinks with other standards, recent amendments and developments0 / 1 lesson