Distinguishing between a financial liability and equity instrument may be challenging. IAS 32 defines these instruments and provides principles on how to properly classify them under IFRS. This eLearning, providing 1.0 hours of CPE, takes learners through these critical definitions and highlights the accounting consequences of each classification. IAS 32 and this course also addresses balance sheet offsetting and when financial assets and liabilities may be presented “net” in the statement of financial position. It may be a challenging topic, but this course will get you well on your way to proper classification and presentation of financial instruments under IFRS.