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2 gru 2020 · IAS 39 outlines the requirements for the recognition and measurement of financial assets, financial liabilities, and some contracts to buy or sell non-financial items.
IAS 39 (as revised in March 2004) [now paragraph 41C of IAS 28] there has been a ‘significant or prolonged decline’ in the fair value of an equity instrument below its cost in the situation when an impairment loss has previously been recognised for an investment classified as available for sale.
When an investor records an OTTI charge, the investor is required to attribute the impairment charge to the underlying equity method memo accounts of its investment. The attribution may create new basis differences or impact existing basis differences.
The Board had always intended that IFRS 9 Financial Instruments would replace IAS 39 in its entirety. However, IFRS 9 permits an entity to choose as its accounting policy either to apply the hedge accounting requirements of IFRS 9 or to continue to apply the hedge accounting requirements in IAS 39.
1 lis 2006 · IAS 39 requires an assessment at each balance sheet date as to whether there is any objective evidence that a financial asset is impaired and whether any impairment has any impact on the estimated future cash flows of the financial asset.
In April 2001 the International Accounting Standards Board (Board) adopted IAS 36 Impairment of Assets, which had originally been issued by the International Accounting Standards Committee in June 1998. That standard consolidated all the requirements on how to assess for recoverability of an asset.
1 paź 2006 · IAS 39 does not apply to an entity’s own issued equity instruments. Investments in equity instruments issued by other entities, however, are financial assets. IAS 39 also provides exceptions for some other items that meet the definition of a financial instrument as they are accounted for under other IFRS.
