Loans and advances accounting: recognize on disbursement, measure at historical cost, and disclose arrears and detailed schedules. The Standard requires that loans be recognized when cash is disbursed, measured initially at historical cost and subsequently carried at carrying amount adjusted for disbursements, repayments and write-offs. Financial Statements must present a three-part disclosure: a summary (loanee group-wise and sector-wise), a detailed major/minor head-wise statement including arrears, and additional disclosures covering fresh loans, loans in perpetuity and loans with unsettled terms; interest in arrears is disclosed separately and not added to closing balances.