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of <h1>Accounting Standard: Classifying and Presenting Financial Instruments-Assets, Liabilities, Equity; Offsetting, Treasury, Compound Instruments, Puttable, Liquidation Exceptions</h1> This Standard establishes principles for classifying and presenting financial instruments as financial assets, financial liabilities or equity from the issuer's perspective, and for offsetting recognised financial assets and liabilities. It defines scope exclusions, sets tests distinguishing liabilities (contractual obligation to deliver cash or other financial asset) from equity (residual interest), and provides exceptions for puttable instruments and instruments payable only on liquidation if specific conditions are met. It requires separate presentation of liability and equity components of compound instruments, prescribes treatment of treasury shares and related transaction costs, and limits offsetting to cases with a legally enforceable right of set-off and intent to settle net or simultaneously.
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