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What are the differences amoung IAS 32, IAS 39, IFRS 7 & IFRS 9?


Why there are so many standards for financial instruments? What are the differences among these standards?

asked Feb 3, 2013 in IFRS 7 - Financial Instruments: Disclosures by anonymous
edited Apr 23, 2013 by Mysio

1 Answer

0 votes

IAS 39 Financial Instruments: Recognition and Measurement & IFRS 9 Financial Instruments are similar. Both standards sets out the recognition and measurement requirements for financial instruments.  IAS 39 is the old standard which is to be superseded by IFRS 9 by 2015.

IAS 32 Financial Instruments: Presentation outlines the accounting requirements for the presentation of financial instruments

IFRS 7 Financial Instruments: Disclosures requires disclosure of information about the significance of financial instruments to an entity, and the nature and extent of risks arising from those financial instruments, both in qualitative and quantitative terms. Specific disclosures are required in relation to transferred financial assets and a number of other matters.

answered Feb 3, 2013 by KamiSoul Level 1 Member (1,750 points)


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