IAS 39: Financial instruments: Recognition and measurement
The accounting standard IAS 39 sets out the principles for recognising and measuring financial assets, financial liabilities and some contracts to buy or sell non-financial items. Find articles, books and online resources providing quick links to the standard, summaries, guidance and news of recent developments.
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Full text standard
Unaccompanied version of IAS 39
The International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website. Free registration is required.
This unaccompanied version does not include additional content that accompanies the full standard, such as illustrative examples, implementation guidance and bases for conclusions.
IAS 39 – Financial Instruments: Recognition and Measurement
Timeline and summary from Deloitte IAS Plus, with information on related interpretations and amendments under consideration.
Financial instruments: Recognition and derecognition
Topic summary provided by PwC, giving latest developments and overview, a summary of the standard and links to relevant resources.
ICAEW guidance and support
Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.
IFRS checklists and model financial statements
Online disclosure checklists, general IFRS illustrative statements and compliance questionnaires collected by the ICAEW Library.
Company Reporting (Croner-i)
The ICAEW Library can provide examples of real-life company reports to help keep you up-to-date with reporting practices and benchmark your financial reporting compliance. As well as extracts from reports filed by all major public companies, Company Reporting also offers weekly CR Monitor Reports detailing changes to reporting practice and a broader monthly CR Review.
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The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact firstname.lastname@example.org.
IFRS 2018: Interpretation and application of IFRS standards
This Wiley guide has been fully updated to help practitioners apply and comply with the latest international financial reporting standards. It provides detailed guidance along with illustrative examples. The chapter on financial instruments covers:
|24 July 2014||IASB completes reform of financial instruments accounting
Press release issued by the IASB on 24 July 2014 announcing the publication of IFRS 9 Financial Instruments, which will replace requirements within IAS 39 covering classification and measurement, impairment, hedge accounting and derecognition.
|27 June 2013||IASB provides relief for novation of derivatives
Press release issued by the IASB on 27 June 2013 announcing publication of narrow-scope amendments to IAS 39.
|11 May 2010||IASB addresses ‘counter-intuitive’ effects of fair value measurement of financial liabilities
Press release issued by the IASB on 11 May 2010 announcing the publication of its exposure draft Fair Value Option For Financial Liabilities.
Guides and publications
Some guides and comparisons that we link to may pre-date the latest amendments to this standard. While these resources contain useful information, please treat them with appropriate caution.
IFRS 9: Financial Instruments (replacement of IAS 39)
IASB project summary outlining the three phases of the project with links to relevant documents.
What investment professionals say about financial instrument reporting
Survey of investors and analysts views on accounting and reporting for financial instruments, published by PwC in June 2010.
Financial instruments under IFRS: A guide through the maze
Guide published by PwC in June 2009 which provides a broad overview of the current requirements of IAS 32, IAS 39 and IFRS 7.
Basel Committee review of international accounting standards
Report from the Basel Committee on Banking Supervision published in April 2000 reviewing International Accounting Standards of importance for banks, with a special focus on IAS 30 and IAS 39.
FAS 133 and IAS 39 Glossary and Transcriptions of Experts
Independent resource developed by Bob Jensen of Trinity University, San Antonio, Texas.
Articles are available to logged-in ICAEW members, ACA students and other entitled users.
Articles and books in the Library collection
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