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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.
In April 2001 the International Accounting Standards Board (Board) adopted IAS 39 Financial Instruments: Recognition and Measurement , which had originally been issued by the International Accounting Standards Committee (IASC) in March 1999.
IFRS in your pocket is a comprehensive summary of the current IFRS Standards and Interpretations along with details of the projects on the standard-setting agenda of the International Accounting Standards Board (Board). Backing this up is information about the Board and an analysis of the use of IFRS Standards around the world.
IAS 39 establishes principles for recognising and measuring financial assets, financial liabilities and some contracts to buy or sell non-financial items. It also prescribes principles for derecognising financial instruments and for hedge accounting.
International Accounting Standard 39 Financial Instruments: Recognition and Measurement (IAS 39) is set out in paragraphs 2–110 and Appendices A and B. All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB.
1 sty 2005 · It specifies measurement rules and accounting treatment for each category, including impairment of financial assets. IAS 39 deals with derecognition of financial instruments and outlines derecognition decision tree to help decide whether a financial asset shall be derecognized or not.
IAS 39 has been replaced by IFRS 9 Financial Instruments, except for (1) Insurance entities (2) Entities that continue to apply relevant hedge accounting guidance. SUBSEQUENT MEASUREMENT (continued) Subsequent measurement depends on the category into which the financial instrument is classified.
