List of useful info, resources and documents available on other websites about IFRS 7 – Financial Instruments: Disclosures. Summary of IFRS 7 – IASPlus A guide to IFRS 7 (PWC April 2010) A Practical guide to IFRS 7 Full Text of the IFRS … …

You can save 40% of discount on this course as IFRSList member. Remember to use this special promotion code “LIST40“.
The International Accounting Standards Board (IASB) recently issued a new standard on Financial Instruments – IFRS 9, which…

Under IFRS 7 there are 12 requirements:

Requirement 1
Reconciliation of carrying amounts by classes of financial instruments to IAS 39 measurement categories (at least these categories are HTM, AFS, FVTPL, Loans and Receivables). An entity shall make the decision which classes of financial instruments are appropriate to the nature of the information disclosed taking into account …

Hi

Please let me know the salient points in IFRS 7 which has been recently been made a mandatory disclosure in the audited financial statements.
Regards
Raghavan

Bookmark on Delicious
Digg this post
Recommend on Facebook
Share on Linkedin
share via Reddit
Share with Stumblers
Tweet about it
Subscribe to the comments on this post
Tell a friend
Print for later

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

Bookmark on Delicious
Digg this post
Recommend on Facebook
Share on Linkedin
share via Reddit
Share with Stumblers
Tweet about it
Subscribe to the comments on this post
Tell a friend
Print for later

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,

Bookmark on Delicious
Digg this post
Recommend on Facebook
Share on Linkedin
share via Reddit
Share with Stumblers
Tweet about it
Subscribe to the comments on this post
Tell a friend
Print for later

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 …