IPSAS 41 Financial Instruments is a replacement standard for IPSAS 29 Financial Instruments: Recognition and Measurement. IPSAS 41 (effective from 1 January 2023) introduces a logical, more principles-based approach to classification and measurement of financial assets based on the business model and nature of cash flows. The new forward-looking impairment model requires earlier and timely recognition, and ongoing assessment of credit losses. The hedge accounting requirements are more principles-based and aligned to common risk management practices.
This two-day live, virtual or face to face course provides an in-depth coverage of IPSAS 41 along with a recap of IPSAS 29, to enable participants to assess the impact of adopting the new standard effective from 1 January 2023.
To enable participants to obtain an in-depth understanding of the requirements of IPSAS 41 and its impact:
The course is useful for those who are currently or in the future likely to be involved in accounting for financial instruments in the public sector: