UK GAAP 2019

Chapter 10Financial instruments

• 1 INTRODUCTION
• 2 COMPARISON BETWEEN SECTIONS 11, 12, 22 AND IFRS
  • 2.1 Differences between Section 22 and IAS 32
  • 2.2 Comparison between Sections 11, 12 and IFRS
    • 2.2.1 Classification and measurement
    • 2.2.2 Impairment
    • 2.2.3 Hedge accounting
    • 2.2.4 Presentation and disclosures
• 3 SCOPE OF SECTIONS 11, 12 AND 22
  • 3.1 Definitions
  • 3.2 Scope
• 4 RECOGNITION AND MEASUREMENT: ACCOUNTING POLICY CHOICE
  • 4.1 Impact of the accounting policy choice
  • 4.2 Changes in accounting policy choice for recognition and measurement of financial instruments
    • 4.2.1 Mandatory changes in accounting policy
    • 4.2.2 Voluntary changes
• 5 FINANCIAL LIABILITIES AND EQUITY
  • 5.1 Introduction
  • 5.2 Scope and definitions
  • 5.3 Key differences between Section 22 and IAS 32
    • 5.3.1 Obligation to repurchase own equity
    • 5.3.2 Derivatives contracts to acquire a fixed number of own equity instruments
    • 5.3.3 Settlement of a financial liability with equity instruments
  • 5.4 Contingent settlement provisions
    • 5.4.1 Contingencies that are ‘not genuine’
    • 5.4.2 Instruments that contain obligations only on liquidation
    • 5.4.3 Puttable instruments
  • 5.5 Recognition and measurement of issued equity instruments
    • 5.5.1 Initial recognition
    • 5.5.2 Initial measurement
      • 5.5.2.A Merger relief or group reconstructions relief under the Companies Act
      • 5.5.2.B Settlement of financial liability with equity instrument
    • 5.5.3 Presentation
  • 5.6 Other topics
    • 5.6.1 Exercise of options, right and warrants
    • 5.6.2 Bonus issues and share ...