Financial instruments standards : a guide on IAS 32, IAS 39 and IFRS 7

Description

Cover Contents 1. Prelude to the Financial Instruments Standards 1.1 Why do we need Standards on Financial Instruments? 1.2 Highlights of the Standards 2. Scope of Financial Instruments Standards 2.1 Definition 2.2 Categorization 2.3 Scope of Financial Instruments Standards 3. Presentation 3.1 Debt–Equity Classification 3.2 Types of Instruments 3.3 Offsetting a Financial Asset and a Financial Liability 4. Derivatives 4.1 What is a Derivative? 4.2 Accounting for Derivatives 4.3 The Embedded Derivatives Issue 5. Classification 5.1 Synopsis 5.2 Financial Assets 5.3 Financial Liabilities 6. Initial Recognition and Measurement 6.1 Synopsis 6.2 Recognition 6.3 Measurement 7. Subsequent Measurement, Valuation and Impairment 7.1 Synopsis 7.2 Subsequent Measurement—Financial Liabilities 7.3 Subsequent Measurement—Financial Assets 7.4 Valuation Issues 7.5 Re-Classification of Financial Assets 7.6 Tainting Rules 7.7 Impairment of Financial Assets 8. De-recognition 8.1 De-recognition in Context 8.2 De-recognition of a Financial Asset 8.3 The Principles in IAS 39 8.4 Consequences of De-recognition 8.5 Securitization 8.6 De-recognition of Financial Liabilities 9. Hedge Accounting 9.1 Hedge Accounting at a Glance 9.2 What is Hedge Accounting? 9.3 Why Hedge Accounting? 9.4 Hedge Accounting—Basic Concepts 9.5 Hedge Accounting Steps 9.6 Categories of Hedge Relationships 9.7 Criteria for Obtaining Hedge Accounting 9.8 Hedge Documentation 9.9 Hedge Effectiveness 9.10 Termination of Hedge Relationship 9.11 Accounting Consequences of Hedge Termination 9.12 Impairment of an Asset that is Hedged 10. Hedge Accounting Models 10.1 Synopsis 11. Disclosures 11.1 Synopsis 11.2 Scope of IFRS 11.3 Balance Sheet Disclosures 11.4 Income Statement Presentation 11.5 Other Disclosures 11.6 Risk Disclosures Appendix A List of Case Studies Appendix B Comparison of IFRS, US GAAP and Indian GAAP Appendix C Glossary Appendix D IFRS Adoption Procedure in the European Union Appendix E Hedge Documentation Template Index