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  1. IFRS 7 Financial Instruments: Disclosures. The objective of this IFRS is to require entities to provide disclosures in their financial statements that enable users to evaluate: . the significance of financial instruments for the entity’s financial position and performance; and.

  2. In March 2009 the IASB enhanced the disclosures about fair value and liquidity risks in IFRS 7. The Board also amended IFRS 7 to reflect that a new financial instruments Standard was issued—IFRS 9 Financial Instruments, which related to the classification of financial assets and financial liabilities.

  3. IFRS 7 Financial Instruments: Disclosures. DISCLOSURE REQUIREMENTS: SIGNIFICANCE OF FINANCIAL INSTRUMENTS IN TERMS OF THE FINANCIAL POSITION AND PERFORMANCE. STATEMENT OF FINANCIAL POSITION. Total carrying value of each category of financial assets and liabilities on face of the statement of financial position or in the notes.

  4. 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.

  5. 1. The objective of this IFRS is to require entities to provide disclosures in their financial statements that enable users to evaluate: (a) the significance of financial instruments for the entity’s financial position and performance; and. (b)

  6. OBJECTIVE. IFRS 7 requires entities to provide disclosures in their financial statements that enable users to evaluate: the significance of financial instruments for the entity’s financial position and performance.

  7. Effective dates of IFRSs and amendments. 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 IASB and ISSB.

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