IAS 32 Financial Instruments: Presentation
International Accounting Standard 32
Overview of IAS 32
- Issued: in 1995; re-issued in 2003, followed by amendments
- Effective date: 1 January 2005
- What it does:
- It establishes principles for presenting financial instruments as liabilities or equity and for offsetting financial assets and financial liabilities.
- Together with standards IFRS 7 and IFRS 9 it creates complex group of mutually complementing rules on financial instruments.
- It defines key terms, such as financial instrument, financial asset, financial liability, equity instrument, fair value, puttable instrument, etc.
- It provides the guidance on accounting for compound financial instruments
Articles about IAS 32
- Summary of IAS 32 Financial Instruments: Presentation
- What Is a Financial Instrument? - this article brings more clarity to the definitions of financial instruments.
- How to Account for Compound Financial Instruments- this article clearly explains how to account for compound financial instruments and contains a video, too.
- How to Account for Cryptocurrencies in line with IFRS - this article clarifies why cryptocurrencies do not meet the definition of a financial instrument and currency as stipulated by IAS 32.
You can find more articles about financial instruments here.
Questions and Answers
You can find more Questions and Answers related to to financial instruments here.
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