Part 1: Financial Instruments Essentials - Recognition, Measurement and Derecognition (Jan 26)
Category: Financial Reporting | Duration: 1hr | Tag: VODIRE2606 | Type: Video | Course Level: Advanced | Speaker: Lindsay Webber | Date: 29/01/2026 11:30
Course Details
Master the fundamentals of financial instruments accounting under FRS 102 Section 11
This course provides a solid foundation in the core principles of accounting for basic financial instruments. You'll gain clarity on when to recognize financial instruments, how to measure them initially and subsequently, and the crucial requirements for derecognition.
What You'll Learn:
- The scope and application of Section 11 vs Section 12
- Recognition criteria: when does a financial asset or liability come onto your balance sheet?
- Initial measurement principles and transaction costs
- Subsequent measurement: amortized cost and the effective interest method
- Disclosure requirements under Section 11
CPD Course Speaker
OmniPro Strategic Solutions
Lindsay Webber
As a head of Strategic Solutions at OmniPro, Lindsay’s focus is on helping practices achieve on-going best practice compliance, providing in-house training and technical assistance in audit and financial reporting.
Lindsay is a member of the South African Institute of Chartered Accountants and Chartered Accountants Ireland. She trained with KPMG in Johannesburg and specialised in external audit of financial services companies. She then spent six years lecturing audit and financial reporting to under-grad and post-grad students at Rhodes University in South Africa before moving to Ireland and returning to practice in a small, and then a medium sized firm where she was an audit manager. She is passionate about combining her academic and practice backgrounds to provide technical information in a useful and practical way.
Outside of her accounting qualifications Lindsay holds a PGDiploma in Higher Education from Rhodes University, an MBA from Trinity College Dublin and a Diploma in Forensic Accounting from Chartered Accountants Ireland.
Lindsay is a member of the South African Institute of Chartered Accountants and Chartered Accountants Ireland. She trained with KPMG in Johannesburg and specialised in external audit of financial services companies. She then spent six years lecturing audit and financial reporting to under-grad and post-grad students at Rhodes University in South Africa before moving to Ireland and returning to practice in a small, and then a medium sized firm where she was an audit manager. She is passionate about combining her academic and practice backgrounds to provide technical information in a useful and practical way.
Outside of her accounting qualifications Lindsay holds a PGDiploma in Higher Education from Rhodes University, an MBA from Trinity College Dublin and a Diploma in Forensic Accounting from Chartered Accountants Ireland.