In this video, we explore Module 11: Basic Financial Instruments under the IFRS for SMEs, providing a clear and practical understanding of how SMEs should account for common financial instruments.
This module focuses on the recognition, measurement, and classification of basic financial assets and liabilities such as cash, receivables, payables, and simple loans. It explains how these instruments are initially recorded and subsequently measured, typically using amortized cost, making it easier for SMEs to apply without the complexity of full IFRS.
Whether you're a finance professional, business owner, or student, this video will help you confidently handle everyday financial instruments in line with IFRS for SMEs.
What you’ll learn:
What qualifies as a basic financial instrument
Initial recognition and measurement
Subsequent measurement (amortized cost)
Treatment of receivables, payables, and loans
Key disclosure requirements
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