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IFRS 9Chapter 1Lesson 1

The scope of IFRS 9: what is in and what is out

Step 1 of 7Learning objectives

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

IFRS 9 covers financial instruments but excludes, among others, interests in subsidiaries, leases, insurance contracts and some loan commitments; contracts on non-financial items and the notion of holding for trading complete the picture.

30 minNot started

Learning objectives

  • Place IFRS 9 in the financial statements and spot what falls under another standard.
  • Tell excluded loan commitments from those that stay in scope.
  • Recognise an instrument held for trading.
  • Explain the own-use exception for contracts on non-financial items.

In this lesson

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

Contents — IFRS 9 — Financial Instruments

  1. 1 · Not startedScope of the standard0 / 1 lesson
  2. 2 · Not startedDefined terms0 / 0 lessons
  3. 3 · Not startedInitial recognition0 / 1 lesson
  4. 4 · Not startedDerecognition0 / 2 lessons
  5. 5 · Not startedCategories of financial assets0 / 3 lessons
  6. 6 · Not startedCategories of financial liabilities0 / 1 lesson
  7. 7 · Not startedMeasurement0 / 2 lessons
  8. 8 · Not startedReclassification of instruments0 / 1 lesson
  9. 9 · Not startedImpairment: expected credit losses0 / 4 lessons
  10. 10 · Not startedEmbedded derivatives0 / 1 lesson
  11. 11 · Not startedBoundaries with other standards0 / 0 lessons