Students are introduced to the specifics of valuation and accounting of financial instruments. Focus is on the IFRS requirements. After completing the course, students are in the position to apply the IFRS 9 requirements on financial assets and liabilities. This covers the recognition and de-recognition requirements, classification and measurement, and hedge accounting. As regards valuation, students learn to estimate expected credit losses for financial assets and gain a basic understanding of how fair values of financial instruments need to be determined.