![]() IAS 39 and IFRS 9 deal with initial recognition of financial assets and liabilities, measurement subsequent to initial recognition, impairment, derecognition, and hedge accounting. IAS 32 is a companion to IAS 39 Financial Instruments: Recognition and Measurement and IFRS 9 Financial Instruments. prescribing strict conditions under which assets and liabilities may be offset in the balance sheet.prescribing the accounting for treasury shares (an entity's own repurchased shares).clarifying the classification of a financial instrument issued by an entity as a liability or as equity.IAS 32 addresses this in a number of ways: The stated objective of IAS 32 is to establish principles for presenting financial instruments as liabilities or equity and for offsetting financial assets and liabilities. Financial Instruments with Characteristics of Equity (Liabilities and Equity).IFRIC 2 Members' Shares in Co-operative Entities and Similar InstrumentsĪmendments under consideration by the IASB. ![]()
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