Free online education regarding two of the most controversial and complex of the new International Financial Reporting Standards (IFRS) — "IAS 32 Financial Instruments: Disclosure and Presentation" and "IAS 39 Financial Instruments: Recognition and Measurement" — is now available via Deloitte's IFRS e-learning area of Deloitte.com. The standards carry major implications for many businesses, not just those in the financial services sector.

This is the first of three modules related to IAS 32 and IAS 39. It deals with the accounting principles and issues that these two standards raise, including:

• Key definitions in the standards;
• Recognition, classification and measurement of finanical instruments;
• The principles of accounting for derivatives, including embedded derivatives;
• Accounting for transactions in own equity.

The remaining two modules on IAS 32/39 Financial Instruments will look at hedge accounting and derecognition of financial instruments.

About IFRS e-learning
This module is one of a series of IFRS modules Deloitte has elected to make available at no cost in the interest of increasing awareness and knowledge in this key area. To date, thousands of users have already taken advantage of this opportunity, finding the material invaluable. Learn more from the links below:

> Visit the IFRS e-learning home page
> View an online demonstration of IFRS e-learning modules
> Register for IFRS e-learning