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.
The objective of IPSAS 30 is to require entities to provide disclosures in their financial statements that enable users to evaluate:
Together with IPSAS 28 and IPSAS 29, IPSAS 30 covers all aspects of the accounting for and disclosure of financial instruments.
IPSAS 30 is based on IFRS 7, Financial Instruments: Disclosures (revised 2009).
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 ...