International GAAP 2013: Generally Accepted Accounting Principles under International Financial Reporting Standards

Chapter 52

Financial instruments: Presentation and disclosure

1 Introduction

1.1 IAS 32

1.2 IFRS 7

1.3 The financial crisis

2 Scope of IFRS 7

2.1 Entities required to comply with IFRS 7

2.2 Financial instruments within the scope of IFRS 7

2.3 Interim reports

3 Structuring the disclosures

3.1 Level of detail

3.2 Materiality

3.3 Classes of financial instrument

4 Significance of financial instruments for an entity’s financial position and performance

4.1 Accounting policies

4.2 Income, expenses, gains and losses

4.2.1 Gains and losses by measurement category

4.2.2 Interest income and expense

4.2.3 Fee income and expense

4.2.4 Impairment losses

4.3 Hedge accounting

4.4 Balance sheet

4.4.1 Categories of financial assets and financial liabilities

4.4.2 Financial liabilities designated at fair value through profit or loss

4.4.2.A Entities applying IAS 39

4.4.2.B Entities applying IFRS 9

4.4.3 Financial assets designated as measured at fair value through profit or loss

4.4.4 Financial assets measured at fair value through other comprehensive income (IFRS 9)

4.4.5 Reclassification

4.4.5.A Reclassifications in accordance with the October 2008 ‘reclassification’ amendments to IAS 39

4.4.5.B Other reclassifications under IAS 39

4.4.5.C Reclassifications of financial assets in accordance with IFRS 9

4.4.6 Collateral

4.4.7 Allowance account for credit losses

4.4.8 Compound financial instruments with multiple embedded derivatives

4.4.9 Defaults and breaches of loans payable

4.4.10 Interests in ...