The International Accounting Standards Board (IASB) today issued revised versions of its two Standards dealing with financial instruments.
IAS 32 deals with the disclosure of financial instruments and their classification as debt or equity.
IAS 39 deals with recognition, derecognition, measurement and hedge accounting.
The release of these revised Standards is part of the IASB’s initiative to improve fifteen of the Standards that it inherited from its predecessor body (the International Accounting Standards Committee—IASC), in time for them to be used by companies adopting International Accounting Standards for the first time in 2005.
Press release
IASB website
© IASB - International Accounting Standards Board
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