IAS 39

/IAS 39

Accounting for Forward Exchange contract

Can some one tell me the accounting treatment for above subjact?

By |August 23rd, 2012|DOCUMENTS, FINANCIAL INSTRUMENTS, IAS 39|0 Comments

Reclassification of Financial Instruments: Is the current European financial crisis considered a rare circumstance?

As many of you already know,  IAS 39 states as follow “An entity shall not reclassify any financial instrument into the fair value through profit or loss category after initial recognition. 50B A financial asset to which paragraph 50(c) applie...

By |December 11th, 2011|DOCUMENTS, FINANCIAL INSTRUMENTS, IAS 39|0 Comments

IFRS Event: IFRS Application for GENERAL Insurers 23 – 24 November, Central London, UK

IFRS Application for GENERAL Insurers 23 – 24 November, Central London, UK Visit the Website: http://www.informaglobalevents.com/FKM62275IFLW 10% discount available with VIP Code FKM62275IFLW This course provides high quality introductory to interme...

By |September 19th, 2011|EVENTS, FINANCIAL INSTRUMENTS, IAS 21, IAS 39, UK|Comments Off on IFRS Event: IFRS Application for GENERAL Insurers 23 – 24 November, Central London, UK

IFRS Event: IFRS Application for LIFE Insurers 15–16 November, Central London, UK

IFRS Application for LIFE Insurers 15– 16 November, Central London, UK Visit the Website: http://www.informaglobalevents.com/FKM62276IFLW 10% discount available with VIP Code FKM62276IFLW This course provides high quality introductory to intermediat...

By |September 19th, 2011|EVENTS, FINANCIAL INSTRUMENTS, IAS 18, IAS 21, IAS 39, UK|Comments Off on IFRS Event: IFRS Application for LIFE Insurers 15–16 November, Central London, UK

IFRS Implementation-cum-Global Qualification on 3rd July 2011 in New Delhi

For finance and accounts professionals looking for an effective training on IFRS with special focus to India implementation.

By |June 21st, 2011|DOCUMENTS, IAS 16, IAS 2, IAS 21, IAS 38, IAS 39, IFRS, IFRS 7, TRAINING|0 Comments

London – Hedge Accounting: Register by 12th November to Save up to £400 + an Extra 10% – Your chance to save up to £550! – 8 December 2010

Hedge Accounting stands apart from other areas of the IAS 39 replacement project. Rather than simply ‘patch’ existing requirements, the Hedge Accounting rules are being completely re-written. Consequently, the exposure has been hotly deb...

By |November 7th, 2010|EVENTS, IAS 39, UK|Comments Off on London – Hedge Accounting: Register by 12th November to Save up to £400 + an Extra 10% – Your chance to save up to £550! – 8 December 2010

Hedge Accounting: Register by 6th October to Save up to £600 + an Extra 10%

Hedge Accounting stands apart from other areas of the IAS 39 replacement project. Rather than simply ‘patch’ existing requirements, the Hedge Accounting rules are being completely re-written. Consequently, the exposure has been hotly deb...

By |October 3rd, 2010|DOCUMENTS, EVENTS, IAS 39, TRAINING|3 Comments

IFRS Application for Insurers Training Courses. Receive a special 10% discount as an IFRSList Subscriber!

This is to inform you about 2 interesting IFRS courses in Central London. Book by Friday 10 th September to SAVE up to £100 plus your 10% IFRS LIST Discount! See attached email for more details. IFRS Application for Insurers Training Cours...

By |September 6th, 2010|DOCUMENTS, EVENTS, IAS 39, TRAINING|2 Comments

Speculative trading position on accrual accounted asset?

Hello all, We have several positions of ‘commodity storages’ in our portfolio (oil storage tanks, underground gas storages, coal reserves…). These storages are considered as assets and are valued at a typical average winter/summer commodity sprea...

By |January 28th, 2010|DOCUMENTS, FAIR VALUE, FINANCIAL INSTRUMENTS, IAS 39|1 Comment

Latest IAS 39 treatment on forward contracts

Hello to all IFRS expert, I would like to clarify the IAS 39 accounting entries for a forward contract. My company currently open LC for purchase of machinery from japan for our trading business on 11 March 2010. Due to forex volatility, we entered int...

UE adopted IFRIC 18 and other amendments to IFRIC and Standards (IAS39 + IFRIC 9 and IFRS 4 + IFRS 7)

The Commission of European Communities has adopted: - IFRIC 18 – IFRIC Interpretation 18 Transfers of Assets from Customers – http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2009:314:0015:0020:EN:PDF Amendments to: - IFRS 4 and I...

By |December 3rd, 2009|DOCUMENTS, IAS 39, IFRS 7, IFRSLIST.COM, NEWS, RESOURCES|1 Comment

Loss identification period, loan loss provision

Hello, Can anyone tell me how the “loss identification period” (the period between the loss event and when the company becomes aware of it) should affect the probability of default in a collective provision model under the current IFRS sta...

By |November 19th, 2009|FINANCIAL INSTRUMENTS, IAS 39|1 Comment

Financial Instruments under IFRS

Dear Sir or Madam Can you tell me what will be include in the Financial Instruments? and second think i am doing research on the discloser of IFRS by the companies and i am not understanding what would i see in the annual reports of the companies for s...

By |September 15th, 2009|DOCUMENTS, FINANCIAL INSTRUMENTS, IAS 39, IFRS 7|3 Comments

Option Accounting Entries

Dear All Our Company is into Oil trade and has entered into options in commodity. Can some one give me the list of accounting entries under USGAAP in the books of both Options writer and options buyer. Request you to give the journal entries under bot...

By |June 13th, 2009|DOCUMENTS, FINANCIAL INSTRUMENTS, IAS 39|3 Comments

IAS 39 & IFRS 7

Dear Group members please advice me on the following 1) do we need to fair value the retention money, which is payable in after 18 months 2) do we need to fair value the secured loan, where the payment of the prinicpal amount will start from April 09 t...

By |March 25th, 2009|DOCUMENTS, FINANCIAL INSTRUMENTS, IAS 39, IFRS 7|1 Comment

Interest Rate Swap

Dear Experts, An Org has signed a IRS agrrement with a bank against floating int rate of term loan from another bank. Before the maturity of agreement period term loan is repaid and another loan obtained from another bank. Based on int cap and fluctuat...

By |February 21st, 2009|DOCUMENTS, FINANCIAL INSTRUMENTS, IAS 39, IFRS 7|1 Comment

Financial instruments

Does it exist a definition for financial instruments? I am confused with the different perceptions of financial instruments. Thanks. Sincerely yours Emilio   Dear Emilio,   a Financial instrument is any contract that gives rise to a financial ass...

By |December 14th, 2008|DOCUMENTS, FINANCIAL INSTRUMENTS, IAS 2, IAS 21, IAS 39, IFRS, IFRS 7|0 Comments

Categories of financial assets IAS 39

Hi, Members.   In regard to the above subject please help me to answer the following question.   One of the four categories of financial assets as classified in IAS 39, Financial Instruments: Recognition and Measurement is subject to “tainting...

By |December 14th, 2008|AUDIT, DOCUMENTS, FINANCIAL INSTRUMENTS, IAS 39, IFRS|0 Comments

Equity investments AFS is a non-monetary items?

Hi all, We need some guidance in connection to apply the rules explained in IAS 21 related to if investments AFS in capital instruments is a non-monetary item.  Theses equity investments were made without the intention of take control on any compa...

By |December 14th, 2008|DOCUMENTS, FAIR VALUE, FINANCIAL INSTRUMENTS, IAS 16, IAS 2, IAS 21, IAS 39, IFRS|0 Comments