What does IAS 32 say?
IAS 32 specifies presentation for financial instruments. The recognition and measurement and the disclosure of financial instruments are the subjects of IFRS 9 or IAS 39 and IFRS 7 respectively. For presentation, financial instruments are classified into financial assets, financial liabilities and equity instruments.
What IAS 33?
IAS 33 deals with the calculation and presentation of earnings per share (EPS). It applies to entities whose ordinary shares or potential ordinary shares (for example, convertibles, options and warrants) are publicly traded.
What is Fvtpl and Fvtoci?
At their joint meeting, the Boards discussed the accounting for reclassifications of financial instruments between the fair value through profit or loss (FVTPL), fair value through other comprehensive income (FVTOCI) and amortised cost measurement categories.
What does IAS 39 mean for financial instruments?
IAS 39 ‘Financial Instruments: Recognition and Measurement’ prescribes the approach to initial recognition and measurement of financial assets. The scope of this guidance is limited to of financial assets out of fair value through profit or loss and from available-for-sale to held-to-maturity categories.
What is the definition of derecognition in IAS 39?
Standard IAS 39 provides extensive guidance on derecognition of a financial asset. Before deciding on derecognition, an entity must determine whether derecognition is related to: a financial asset (or a group of similar financial assets) in its entirety, or a part of a financial asset (or a part of a group of similar financial assets).
When are loan commitments outside the scope of IAS 39?
Loan commitments are outside the scope of IAS 39 if they cannot be settled net in cash or another financial instrument, they are not designated as financial liabilities at fair value through profit or loss, and the entity does not have a past practice of selling the loans that resulted from the commitment shortly after origination.
What are the three types of hedging in IAS 39?
IAS 39 then describes the rules for 3 types of hedging: fair value hedges, cash flow hedges and hedges of a net investment in a foreign operation.