Financial instruments under IFRS - A guide through the maze

Accounting for financial instruments under IFRS is complex. This publication provides a broad overview of the current requirements of IAS 32, 'Financial instruments: Presentation', IAS 39, 'Financial instruments:Recognition and measurement', and IFRS 7, 'Financial instruments: Accounting for financial instruments under IFRS is complex. This publication provides a broad overview of the current requirements of IAS 32, 'Financial instruments: Presentation', IAS 39, 'Financial instruments: Recognition and measurement', and IFRS 7, 'Financial instruments: Disclosures'. For first-time adopters and other entities in territories transitioning to IFRS, these standards are likely to change the way they account for financial instruments and will involve substantial changes to systems processes and documentation.

Contents

  • The scope of the requirements
  • Debt/equity classification
  • Initial recognition and classification
  • Derecognition
  • Subsequent measurement
  • Fair values and impairment
  • Hedge accounting

More detailed guidance and information on these topics can be found in the IFRS manual of accounting and other PwC IFRS publications.

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