IAS32_06 - IAS 32 International Accounting Standard 32...

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IAS 32 © IASCF 1297 International Accounting Standard 32 Financial Instruments: Presentation This version includes amendments resulting from new and amended IFRSs issued up to 31 December 2005.
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IAS 32 1298 © IASCF C ONTENTS paragraphs INTRODUCTION IN1–IN20 INTERNATIONAL ACCOUNTING STANDARD 32 FINANCIAL INSTRUMENTS: PRESENTATION OBJECTIVE 2–3 SCOPE 4–10 DEFINITIONS 11–14 PRESENTATION 15–50 Liabilities and equity 15–27 No contractual obligation to deliver cash or another financial asset 17–20 Settlement in the entity’s own equity instruments 21–24 Contingent settlement provisions 25 Settlement options 26–27 Compound financial instruments 28–32 Treasury shares 33–34 Interest, dividends, losses and gains 35–41 Offsetting a financial asset and a financial liability 42–50 EFFECTIVE DATE 96–97 WITHDRAWAL OF OTHER PRONOUNCEMENTS 98–100 APPENDIX APPLICATION GUIDANCE DEFINITIONS AG3–AG24 Financial assets and financial liabilities AG3–AG12 Equity instruments AG13–AG14 Derivative financial instruments AG15–AG19 Contracts to buy or sell non-financial items AG20–AG23 PRESENTATION AG25–AG39 Liabilities and equity AG25–AG29 No contractual obligation to deliver cash or another financial asset AG25–AG26 Settlement in the entity’s own equity instruments AG27 Contingent settlement provisions AG28 Treatment in consolidated financial statements AG29 Compound financial instruments AG30–AG35 Treasury shares AG36 Interest, dividends, losses and gains AG37 Offsetting a financial asset and a financial liability AG38–AG39 APPROVAL OF IAS 32 BY THE BOARD BASIS FOR CONCLUSIONS DISSENTING OPINION ILLUSTRATIVE EXAMPLES
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IAS 32 © IASCF 1299 International Accounting Standard 32 Financial Instruments: Presentation (IAS 32) is set out in paragraphs 1–100 and the Appendix. All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB. IAS 32 should be read in the context of its objective and the Basis for Conclusions, the Preface to International Financial Reporting Standards and the Framework for the Preparation and Presentation of Financial Statements . IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance.
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IAS 32 1300 © IASCF Introduction Reasons for revising IAS 32 IN1 International Accounting Standard 32 Financial Instruments: Disclosure and Presentation (IAS 32) * replaces IAS 32 Financial Instruments: Disclosure and Presentation (revised in 2000), and should be applied for annual periods beginning on or after 1 January 2005. Earlier application is permitted. The Standard also replaces the following Interpretations and draft Interpretation: •S I C - 5 Classification of Financial Instruments—Contingent Settlement Provisions ; I C - 1 6 Share Capital—Reacquired Own Equity Instruments (Treasury Shares) ; I C - 1 7 Equity—Costs of an Equity Transaction ; and •d r a f t S I C - D 3 4 Financial Instruments—Instruments or Rights Redeemable by the Holder .
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This note was uploaded on 06/12/2011 for the course ECON 801 taught by Professor Brend during the Summer '11 term at Abu Dhabi University.

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IAS32_06 - IAS 32 International Accounting Standard 32...

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