About the Author

Written by an expert team from PwC

Prizes

Accounting for financial instruments is one of the most complex and taxing areas on accounting today that needs to be understood by all practicing accountants. The International Financial Reporting Standards that govern this area of accounting are often difficult to understand and interpret.

Table of Contents

1 Overview; 2 Introduction; 3 Objective and scope of IAS 32, IAS 39 and IFRS 7; 4 Nature and characteristics of financial instruments; 5 Embedded derivatives in host contracts; 6 Classification of financial instruments; 7 Financial liabilities and equity; 8 Recognition and derecognition; 9 Measurement of financial assets and liabilities; 10 Hedge accounting; 11 Presentation and disclosure; 12 IFRS 9, 'Financial instruments'.