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IFRS 7Financial Instruments: Disclosures

IFRS 7Chapter 8Lesson 1

Transfers of financial assets: objective, continuing involvement and tables

Step 1 of 4Learning objectives

Go deeper+4 deeper insights · +2 calculations · +1 point of attention

When a financial asset is transferred, IFRS 7 lets the reader understand the link with the associated liability, or the risks of continuing involvement in an asset that has left the balance sheet.

40 minNot started

Learning objectives

  • Explain the objective of the transfer disclosures and the single-note presentation.
  • Determine whether an entity has continuing involvement in a transferred financial asset.
  • Prepare the information on assets not fully derecognised and on continuing involvement in derecognised assets.

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