IFRS 7 — Financial Instruments: Disclosures
Modules of the standard
- Concepts26 publishedNormative and pedagogical mapping.
- Questions57 publishedTrue/false, quizzes, calculations, entries, mini-cases, judgment.
- Practical cases5 publishedProgressive cases, from beginner to expert.
- Workpapers3 publishedWorking papers with calculations and entries.
- Professional file1 publishedSimulation of a full engagement.
- Exams2 publishedSealed, versioned final exams.
- Explanations (lessons)11 publishedLesson explanations, chapter by chapter.
Practical cases
- Objective, classes and categories of financial instruments: framework of the risk disclosuresL1Beginner
- Credit risk: exposure by rating grade, reconciliation of the loss allowance, collateral and links with IFRS 9L2Intermediate
- Liquidity risk and market risk: maturity analysis on contractual cash flows, supplier finance and sensitivity analysisL3Advanced
- Offsetting, income and expense, reclassification and transfers of financial assets: disclosures to prepareL3Advanced
- Fair value, hedging, links with IAS 32 and IAS 7, recent amendments and IFRS 18: a disclosure fileL4Expert
- File on the financial instrument disclosures: classes, credit risk, liquidity, sensitivity and transfers of assets (IFRS 7)L4Expert
Workpapers
- Map of the financial instrument disclosures: classes reconciled to the line items and qualitative and quantitative information by risk
- Liquidity risk and market risk: maturity analysis on contractual cash flows, difference from the carrying amount and sensitivity analysis
- Credit risk, offsetting and transfers of assets: exposure by rating grade, reconciliation of the loss allowance, collateral, amounts set off and transferred assets
Concepts by topic
Mapping texts (concept labels, objectives, paragraph summaries) are available in French only for now.
Objective, scope and classes of instruments
- Objective: importance of instruments and risksCore3 questions
- Classes of instrumentsCore3 questions
Significance for financial position and performance
- Carrying amounts by categoryCore3 questions
- Offsetting disclosuresImportant3 questions
- Income, expense, gains and lossesImportant2 questions
- ReclassificationAdvanced1 question
Hedge accounting disclosures
- Overview of hedging disclosuresAdvanced1 question
Fair value disclosures
- Fair value disclosuresImportant3 questions
Nature and extent of risks
- Nature and extent of risksCore3 questions
- Qualitative informationCore3 questions
- Quantitative information and concentrationsImportant2 questions
Credit risk disclosures
- Credit risk management practicesImportant2 questions
- Exposure by credit risk rating gradeCore3 questions
- Loss allowance reconciliationCore3 questions
- Maximum exposure and collateralImportant3 questions
Liquidity risk and market risk
- Maturity analysisCore3 questions
- Supplier finance and concentrationAdvanced1 question
- Sensitivity analysisCore3 questions
Transfers of financial assets
- Objective and continuing involvementImportant3 questions
- Transferred assets not fully derecognisedAdvanced1 question
- Continuing involvement in derecognised assetsAdvanced1 question
Links with other standards, recent amendments and developments
- The link with IFRS 9 (impairment)Important2 questions
- The link with IFRS 13 (fair value)Important2 questions
- Borders with IAS 32 and IAS 7Advanced1 question
- Recent amendmentsSpecialised1 question
- IFRS 18 and its consequencesSpecialised1 question