Hello there

i am new to the group !!

I work for a trading company and was wonder what a re new disclosures need to made to complie with IFRS 7 as we dont not hold any debts on liablity side

Best regards

I understand you might not have any debt or financial assets, but as trading company
you must have some trade receivables (trade debtors). The credit losses (bad debts) recognition/reconciliation is the something you need to disclosue under IFRS7.
 
In addition you need to have disclousures about accounting policies dealing with financial instruments.
 
Regards

Dear Sandeep,
 
Here is a link to a free download of an IFRS presentation and disclosure checklist which will be a useful tool for your purposes.
 
http://www.iasplus.com/fs/fs.htm#2007ifrschk
 
Go through this and it would be easier for you to adapt the disclosure requirements to your specific circumstances.
 
Regards,
 
Rodrigo,

Related Posts

1. IASeminars Course 1400: IFRS Disclosure and Presentation Requirements – Chicago – 15% discount – 23 April 2012 (2 days)
2. IFRS 7 – Financial Instruments: Disclosures
3. Zurich – IASeminars Course 1741: IFRS for Banks and Other Financial Institutions (3 days) – Save 40% as IFRSList member
4. Example of Financial Statement (Model IFRS financial statements for 2009)
5. IFRS for Small and Medium Sized Entities (SMEs)
6. IFRS financial statements for year end December 2008
7. IFRS 2
8. Fwd: [IFRS List] IFRS 7 disclosures
9. IFRS 7 disclosures
10. IFRS 7 disclosures