Session 3 looks to take the sting out of financial instruments! Financial instrument assets and liabilities have separate accounting requirements, and present an accountant with an array of options for classifying financial instruments, for e.g., amortised cost and fair value through profit and loss. We will look to provide a clear understanding of the key recognition and measurement principles related to both financial instrument assets and liabilities that are deemed ‘basic’, per section 11 of the standard, whilst attempting to firmly establish the requirements through example calculations and accounting entries.