ias39 - IAS 39 International Accounting Standard 39...

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IAS 39 © IASCF A863 International Accounting Standard 39 Financial Instruments: Recognition and Measurement This version includes amendments resulting from IFRSs issued up to 31 December 2009. IAS 39 Financial Instruments: Recognition and Measurement was issued by the International Accounting Standards Committee (IASC) in March 1999. In November 2000 IASC issued five limited revisions to IAS 39. In March 2000 IASC approved an approach to publishing implementation guidance on IAS 39 in the form of Questions and Answers. Subsequently the IAS 39 Implementation Guidance Committee (IGC), which was established by IASC for that purpose, published a series of Questions and Answers on IAS 39. The guidance was not considered by IASC and did not necessarily represent its views. In April 2001 the International Accounting Standards Board (IASB) resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn. In June 2003, the IASB made a limited amendment to IAS 39 when it issued IFRS 1 First-time Adoption of International Financial Reporting Standards . In December 2003 the IASB issued a revised IAS 39, accompanied by Implementation Guidance replacing that published by the former IGC. Since 2003, the IASB has issued the following amendments to IAS 39: Fair Value Hedge Accounting for a Portfolio Hedge of Interest Rate Risk (issued March 2004) Transition and Initial Recognition of Financial Assets and Financial Liabilities (issued December 2004) Cash Flow Hedge Accounting of Forecast Intragroup Transactions (issued April 2005) The Fair Value Option (issued June 2005) Financial Guarantee Contracts (issued August 2005) Eligible Hedged Items (issued July 2008) * Reclassification of Financial Assets (Amendments to IAS 39 and IFRS 7) (issued October 2008) Reclassification of Financial Assets—Effective Date and Transition (Amendments to IAS 39 and IFRS 7) (issued November 2008). Embedded Derivatives (Amendments to IFRIC 9 and IAS 39) (issued March 2009) § * effective date 1 July 2009 effective date 1 July 2008 § effective date 30 June 2009
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IAS 39 A864 © IASCF IAS 39 and its accompanying documents have also been amended by the following IFRSs: IFRS 2 Share-based Payment (issued February 2004) IFRS 3 Business Combinations (issued March 2004) IFRS 4 Insurance Contracts (issued March 2004) IFRIC 5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds (issued December 2004) IFRS 7 Financial Instruments: Disclosures (issued August 2005) IAS 1 Presentation of Financial Statements (as revised in September 2007) * IFRS 3 Business Combinations (as revised in January 2008) IAS 27 Consolidated and Separate Financial Statements (as amended in January 2008) Puttable Financial Instruments and Obligations Arising on Liquidation (Amendments to IAS 32 and IAS 1) (issued February 2008) * Improvements to IFRSs (issued May 2008) * Improvements to IFRSs (issued April 2009) § IFRS 9 Financial Instruments (issued November 2009).
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