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<h1>Standard requires detailed financial instrument disclosures: significance, risks, measurements, hedging, credit losses, transfers, sensitivity analyses and reconciliations</h1> This Standard requires entities to disclose in financial statements the significance of financial instruments and the nature, extent and management of related risks, including credit, liquidity and market risk. It applies to most financial instruments (recognised and unrecognised) except specified exclusions and prescribes grouping by class, carrying-amount and fair-value disclosures, details on designation/reclassification, offsetting, collateral, credit-loss allowances, hedging (strategy, effectiveness and impacts), transfers of assets and sensitivity analyses. Required qualitative and quantitative reconciliations, methodologies, and concentration information must be provided to enable users to assess exposures, measurement bases and changes, with transitional and amendment provisions incorporated.