O'Reilly logo

IPSAS Explained: A Summary of International Public Sector Accounting Standards, 2nd Edition by Thomas Muller-Marques Berger

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

IPSAS 30: Financial Instruments: Disclosures

Preliminary note

IPSAS 30, Financial Instruments: Disclosure, replaces IPSAS 15, Financial Instruments: Disclosure and Presentation, and should be applied for annual reporting periods beginning on or after 1 January 2013.

Objective

The objective of IPSAS 30 is to require entities to provide disclosures in their financial statements that enable users to evaluate:

rtrif The significance of financial instruments for the entity's financial position and performance; and
rtrif The nature and extent of risks arising from financial instruments to which the entity is exposed during the period and at the end of the reporting period, and how the entity manages those risks.

Together with IPSAS 28 and IPSAS 29, IPSAS 30 covers all aspects of the accounting for and disclosure of financial instruments.

The IFRS on which the IPSAS is based

IPSAS 30 is based on IFRS 7, Financial Instruments: Disclosures (revised 2009).

Content

Principal definitions

The terms financial instrument, financial asset and financial liability are defined in IPSAS 28. Categories of financial instruments are specified in IPSAS 29. These terms and classifications are used in IPSAS 30 with the same meaning.

Credit risk is the risk that one party to a financial instrument will cause a financial ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required