Part 2: Advanced Topics - Derivatives, Fair Value and Hedge Accounting
Category: Financial Reporting | Date: 05/02/2026 10:00 | Duration: 1hr | Tag: WEBUK2608 | Type: Webinar | Speaker: Lindsay Webber | Course level: Advanced
This course is part of Mastering Financial Instruments under FRS 102: A Comprehensive Two-Part Series
Course Details
Financial instruments represent one of the most challenging areas of FRS 102 accounting. Whether you're dealing with basic loans and receivables or complex derivatives and hedging arrangements, getting the accounting treatment right is essential for compliance and accurate financial reporting.
Join us for this comprehensive two-part webinar series designed to take you from the fundamentals through to advanced applications of FRS 102 Sections 11 and 12. Our expert instructors will guide you through the practical application of these standards with real-world examples and case studies.
29/01/2026 - Part 1: Financial Instruments Essentials - Recognition, Measurement and Derecognition
Master the fundamentals of financial instruments accounting under FRS 102 Section 11
This session 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
05/02/2026 - Part 2: Advanced Topics - Derivatives, Fair Value and Hedge Accounting
Navigate the complexities of Section 12 and sophisticated financial instruments
Building on Part 1, this advanced session tackles the more complex aspects of financial instruments accounting. You'll explore fair value measurement, derivative instruments, and the intricacies of hedge accounting under FRS 102.
What You'll Learn:
- When Section 12 applies and the key differences from Section 11
- Fair value measurement: methodologies, valuation hierarchies, and practical challenges
- Understanding derivatives: forwards, futures, options, and swaps
- Hedge accounting fundamentals and the three types of hedges
- Enhanced disclosure requirements under Section 12
Course level: Advanced - Both courses are suitable for preparers of financial statements and are at an advanced level
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.