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	<title>IFRS LIST.com &#187; FINANCIAL INSTRUMENTS</title>
	<atom:link href="http://www.ifrslist.com/tag/financial-instruments/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.ifrslist.com</link>
	<description>The Community about IAS/IFRS, International Accounting</description>
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		<title>Reclassification of Financial Instruments: Is the current European financial crisis considered a rare circumstance?</title>
		<link>http://www.ifrslist.com/2011/12/11/reclassification-of-financial-instruments-is-the-current-european-financial-crisis-considered-a-rare-circumstance/</link>
		<comments>http://www.ifrslist.com/2011/12/11/reclassification-of-financial-instruments-is-the-current-european-financial-crisis-considered-a-rare-circumstance/#comments</comments>
		<pubDate>Sun, 11 Dec 2011 22:23:36 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IAS 39]]></category>
		<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[RECLASSIFICATION OF FINANCIAL INSTRUMENTS]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=3203</guid>
		<description><![CDATA[As many of you already know,  IAS 39 states as follow &#8220;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) applies (except a financial asset of the type described in paragraph 50D) may be reclassified out of the fair value through profit or loss category only in rare circumstances.&#8221;
EC COMMISSION REGULATION (EC) No 1004/2008 of 15 October 2008 stated that &#8220;the amendments to IAS 39 and IFRS 7 allow the reclassification of certain financial instruments out ...


Related posts:<ol><li><a href='http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-financial-instruments/' rel='bookmark' title='Permanent Link: Financial instruments'>Financial instruments</a></li>
<li><a href='http://www.ifrslist.com/2009/09/15/financial-instruments-under-ifrs/' rel='bookmark' title='Permanent Link: Financial Instruments under IFRS'>Financial Instruments under IFRS</a></li>
<li><a href='http://www.ifrslist.com/2010/09/22/ifrs-updates-regulations-approved-by-european-union/' rel='bookmark' title='Permanent Link: IFRS Updates: Regulations approved by European Union'>IFRS Updates: Regulations approved by European Union</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Intragroup losses requires impairment?</title>
		<link>http://www.ifrslist.com/2010/03/10/intragroup-losses-requires-impairment/</link>
		<comments>http://www.ifrslist.com/2010/03/10/intragroup-losses-requires-impairment/#comments</comments>
		<pubDate>Wed, 10 Mar 2010 12:23:35 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[IAS 18]]></category>
		<category><![CDATA[IAS 36]]></category>
		<category><![CDATA[IMPAIRMENT TEST]]></category>
		<category><![CDATA[INTERCOMPANY]]></category>
		<category><![CDATA[RECEIVABLES]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=1812</guid>
		<description><![CDATA[Should the receivable from 100% subsidiray requires impairment if there are accumulated losses in sub and net worth is negative?
If  it require impairment then what is the criteria to apply and specialy when audit report of that sub  has unqualified opinion and no issue for going concern.
According to IAS 27 (Intragroup losses may indicate an impairment that requires recognition in the consolidated financial statements)


Related posts:Retained losses on Investment in subsidiary
Assessing for Impairment Indicators on Transition Date
How to account intragroup trading under Business combination



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<li><a href='http://www.ifrslist.com/2009/10/05/assessing-for-impairment-indicators-on-transition-date/' rel='bookmark' title='Permanent Link: Assessing for Impairment Indicators on Transition Date'>Assessing for Impairment Indicators on Transition Date</a></li>
<li><a href='http://www.ifrslist.com/2009/03/10/how-to-account-intragroup-trading-under-business-combination/' rel='bookmark' title='Permanent Link: How to account intragroup trading under Business combination'>How to account intragroup trading under Business combination</a></li>
</ol>]]></description>
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		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Speculative trading position on accrual accounted asset?</title>
		<link>http://www.ifrslist.com/2010/01/28/speculative-trading-position-on-accrual-accounted-asset/</link>
		<comments>http://www.ifrslist.com/2010/01/28/speculative-trading-position-on-accrual-accounted-asset/#comments</comments>
		<pubDate>Thu, 28 Jan 2010 11:01:58 +0000</pubDate>
		<dc:creator>BD_83</dc:creator>
				<category><![CDATA[FAIR VALUE]]></category>
		<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[IAS 32]]></category>
		<category><![CDATA[IAS 39]]></category>
		<category><![CDATA[IFRS 3]]></category>
		<category><![CDATA[SPECULATIVE TRADING]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=1594</guid>
		<description><![CDATA[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 spread (buy summer, sell winter). The complete portfolio is accounted using the “accrual” method. Within the trading business these spreads are also referred to as intrinsic value of a storage.
We are considering trading positions on these assets in the future&#8230; This implies that traders should be possible to take daily &#8217;speculative&#8217; positions on assets assigned in our physical ...


Related posts:<ol><li><a href='http://www.ifrslist.com/2008/08/27/asset-held-for-resale/' rel='bookmark' title='Permanent Link: Asset held for resale'>Asset held for resale</a></li>
<li><a href='http://www.ifrslist.com/2010/01/09/latest-ias-39-treatment-on-forward-contracts/' rel='bookmark' title='Permanent Link: Latest IAS 39 treatment on forward contracts'>Latest IAS 39 treatment on forward contracts</a></li>
<li><a href='http://www.ifrslist.com/2009/03/10/how-to-account-intragroup-trading-under-business-combination/' rel='bookmark' title='Permanent Link: How to account intragroup trading under Business combination'>How to account intragroup trading under Business combination</a></li>
</ol>]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Latest IAS 39 treatment on forward contracts</title>
		<link>http://www.ifrslist.com/2010/01/09/latest-ias-39-treatment-on-forward-contracts/</link>
		<comments>http://www.ifrslist.com/2010/01/09/latest-ias-39-treatment-on-forward-contracts/#comments</comments>
		<pubDate>Sat, 09 Jan 2010 04:18:42 +0000</pubDate>
		<dc:creator>Michael_jay</dc:creator>
				<category><![CDATA[FAIR VALUE]]></category>
		<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[IFRSLIST.COM]]></category>
		<category><![CDATA[FORWARD CONTRACTS]]></category>
		<category><![CDATA[IAS 39]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=1549</guid>
		<description><![CDATA[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 into a forward contract for Japanese Yen. Say the yen amount is JPY25,000,000 @ 3.789 (for malaysia) maturity on 10 January 2011.
What is the double entry ? Is it correct that we debit financial assets at RM947,250 (Yen x 3.789/100) and credit financial liability RM947,250 at the same ...


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<li><a href='http://www.ifrslist.com/2009/03/22/ias-23-borrowing-cost-capitalization/' rel='bookmark' title='Permanent Link: IAS 23 &#8211; Borrowing cost capitalization'>IAS 23 &#8211; Borrowing cost capitalization</a></li>
<li><a href='http://www.ifrslist.com/2008/08/28/cash-hedging/' rel='bookmark' title='Permanent Link: Cash hedging'>Cash hedging</a></li>
</ol>]]></description>
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		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Loss on interest rate swap can be capitalized?</title>
		<link>http://www.ifrslist.com/2009/11/23/loss-on-interest-rate-swap-can-be-capitalized/</link>
		<comments>http://www.ifrslist.com/2009/11/23/loss-on-interest-rate-swap-can-be-capitalized/#comments</comments>
		<pubDate>Mon, 23 Nov 2009 12:39:13 +0000</pubDate>
		<dc:creator>ca.lokeshjain</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[BORROWING COSTS]]></category>
		<category><![CDATA[CAPITALIZATION]]></category>
		<category><![CDATA[IAS 23]]></category>
		<category><![CDATA[INTEREST RATE SWAP]]></category>
		<category><![CDATA[IRS]]></category>
		<category><![CDATA[QUALIFYING ASSET]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=1515</guid>
		<description><![CDATA[For development of qualifying assets we took a loan from bank, as per ias 23, interest cost on loan taken for qualifying assets will be capitalized to those assets, as per the loan agreement interest rate was libor+1.5, initially libor was high so to cover the loss of probable higher rate of interest co. went in to interest rate swap and as per that now co. has to pay only fix 4.5%  now libor rate has gone down so my question is, loss on interest swap will be transferred to ...


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<li><a href='http://www.ifrslist.com/2009/11/19/loss-identification-period-loan-loss-provision/' rel='bookmark' title='Permanent Link: Loss identification period, loan loss provision'>Loss identification period, loan loss provision</a></li>
<li><a href='http://www.ifrslist.com/2008/08/28/ias-23-borrowing-costs-interest-free-loans-2/' rel='bookmark' title='Permanent Link: IAS 23 Borrowing costs &#8211; Interest-free loans'>IAS 23 Borrowing costs &#8211; Interest-free loans</a></li>
</ol>]]></description>
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		<slash:comments>7</slash:comments>
		</item>
		<item>
		<title>Financial Instruments under IFRS</title>
		<link>http://www.ifrslist.com/2009/09/15/financial-instruments-under-ifrs/</link>
		<comments>http://www.ifrslist.com/2009/09/15/financial-instruments-under-ifrs/#comments</comments>
		<pubDate>Tue, 15 Sep 2009 09:58:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[DISCLOSURE]]></category>
		<category><![CDATA[IAS 32]]></category>
		<category><![CDATA[IAS 39]]></category>
		<category><![CDATA[IFRS 7]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=1423</guid>
		<description><![CDATA[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 seeing the Financial Instruments ?
Regard
Rakesh


Related posts:Financial instruments
Toronto – IASeminars Course: IFRS Financial Instruments Workshop (2-day course)
Hedge, Treasury instruments



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<li><a href='http://www.ifrslist.com/2008/08/26/ifrs-list-hedge-treasury-instruments/' rel='bookmark' title='Permanent Link: Hedge, Treasury instruments'>Hedge, Treasury instruments</a></li>
</ol>]]></description>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Option Accounting Entries</title>
		<link>http://www.ifrslist.com/2009/06/13/option-accounting-entries/</link>
		<comments>http://www.ifrslist.com/2009/06/13/option-accounting-entries/#comments</comments>
		<pubDate>Sat, 13 Jun 2009 08:38:40 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[HEDGE ACCOUNTING]]></category>
		<category><![CDATA[IAS 32]]></category>
		<category><![CDATA[IAS 39]]></category>
		<category><![CDATA[OPTION]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=1354</guid>
		<description><![CDATA[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 both these circumstances
1. If the company follows hedge accounting
2. If the company doest follow hedge accounting
Also let me know the relavant accounting standard.
Thanks for your help.
Regards
Ganesh


Related posts:Entries &#8211; Consolidation of financial statements
Hedge Accounting
Accounting Entries for Forward Contract



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<li><a href='http://www.ifrslist.com/2010/03/26/hedge/' rel='bookmark' title='Permanent Link: Hedge Accounting'>Hedge Accounting</a></li>
<li><a href='http://www.ifrslist.com/2010/06/02/accounting-entries-for-forward-contract/' rel='bookmark' title='Permanent Link: Accounting Entries for Forward Contract'>Accounting Entries for Forward Contract</a></li>
</ol>]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Options</title>
		<link>http://www.ifrslist.com/2009/03/28/options-2/</link>
		<comments>http://www.ifrslist.com/2009/03/28/options-2/#comments</comments>
		<pubDate>Sat, 28 Mar 2009 07:59:23 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[HEDGE ACCOUNT]]></category>
		<category><![CDATA[IAS 32]]></category>
		<category><![CDATA[IAS 39]]></category>
		<category><![CDATA[OPTIONS]]></category>
		<category><![CDATA[PUT AND CALL]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=1232</guid>
		<description><![CDATA[Hi everyone
How do we recognise a put/call option in the balance using the fair value method and not hedge accounting.
Thanks and regards
Catherine


Related posts:Futures / options
By: admin
Option Accounting Entries



Related posts:<ol><li><a href='http://www.ifrslist.com/2008/12/15/futures-options/' rel='bookmark' title='Permanent Link: Futures / options'>Futures / options</a></li>
<li><a href='http://www.ifrslist.com/2009/03/28/options-2/comment-page-1/#comment-155' rel='bookmark' title='Permanent Link: By: admin'>By: admin</a></li>
<li><a href='http://www.ifrslist.com/2009/06/13/option-accounting-entries/' rel='bookmark' title='Permanent Link: Option Accounting Entries'>Option Accounting Entries</a></li>
</ol>]]></description>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>IAS 39 &amp; IFRS 7</title>
		<link>http://www.ifrslist.com/2009/03/25/ias-39-ifrs-7/</link>
		<comments>http://www.ifrslist.com/2009/03/25/ias-39-ifrs-7/#comments</comments>
		<pubDate>Wed, 25 Mar 2009 16:53:23 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[IAS 39]]></category>
		<category><![CDATA[IFRS 7]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=1228</guid>
		<description><![CDATA[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 till april 2014, and the interest is paid regulary @ 14%
3) do we need to fair value the leese deposit given and taken both. the same is for more than one year
4) do we need to fair value the advances paid for the purchase of ...


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<li><a href='http://www.ifrslist.com/2009/06/08/question-on-licenses-and-franchises/' rel='bookmark' title='Permanent Link: Question on Licenses and Franchises'>Question on Licenses and Franchises</a></li>
</ol>]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Interest Rate Swap</title>
		<link>http://www.ifrslist.com/2009/02/21/interest-rate-swap/</link>
		<comments>http://www.ifrslist.com/2009/02/21/interest-rate-swap/#comments</comments>
		<pubDate>Sat, 21 Feb 2009 18:56:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[IAS 32]]></category>
		<category><![CDATA[IAS 39]]></category>
		<category><![CDATA[IFRS 7]]></category>
		<category><![CDATA[INTEREST RATE SWAP]]></category>
		<category><![CDATA[IRS]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=1174</guid>
		<description><![CDATA[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 fluctuation in int rate loss/proft is recognised in Income Statement and Asset/ Liabilty is accounted.
Due to repayment of term loan against which IRS agreement was made. Can we continue to account for IRS against another loan obtained. Or IRS agreement is to be cancelled.


Related posts:Loss on interest rate swap ...


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<li><a href='http://www.ifrslist.com/2008/08/28/re-ifrs-list-interest-rate-swaps/' rel='bookmark' title='Permanent Link: Interest rate Swaps'>Interest rate Swaps</a></li>
<li><a href='http://www.ifrslist.com/2010/10/31/interest-free-loan-with-no-fixed-repayment-terms/' rel='bookmark' title='Permanent Link: Interest free loan with no fixed repayment terms'>Interest free loan with no fixed repayment terms</a></li>
</ol>]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Financial instruments</title>
		<link>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-financial-instruments/</link>
		<comments>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-financial-instruments/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:29:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[EQUITY]]></category>
		<category><![CDATA[EXCHANGE RATE]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 2]]></category>
		<category><![CDATA[IAS 21]]></category>
		<category><![CDATA[IAS 32]]></category>
		<category><![CDATA[IAS 39]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[IFRS 7]]></category>
		<category><![CDATA[PPE]]></category>
		<category><![CDATA[REPORT]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-financial-instruments/</guid>
		<description><![CDATA[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 asset of one entity and a financial liability or equity instrument of another entity.
for this, definition of financial asset and liability and equity have to be checked
jatin


Emilio&#8211;
IAS 32 Financial Instruments defines this in paragraph 11
Craig


 


There are various treatment of financial instruments as to their valuation, measurement and prepsentation. You may refer to IFRS 7, IAS 32 and IAS 39.
 

IAS 21 discusses ...


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<li><a href='http://www.ifrslist.com/2008/12/14/ifrs-7-2/' rel='bookmark' title='Permanent Link: IFRS 7'>IFRS 7</a></li>
<li><a href='http://www.ifrslist.com/2011/12/11/reclassification-of-financial-instruments-is-the-current-european-financial-crisis-considered-a-rare-circumstance/' rel='bookmark' title='Permanent Link: Reclassification of Financial Instruments: Is the current European financial crisis considered a rare circumstance?'>Reclassification of Financial Instruments: Is the current European financial crisis considered a rare circumstance?</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Categories of financial assets IAS 39</title>
		<link>http://www.ifrslist.com/2008/12/15/categories-of-financial-assets-ias-39/</link>
		<comments>http://www.ifrslist.com/2008/12/15/categories-of-financial-assets-ias-39/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:26:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[IAS]]></category>
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		<category><![CDATA[LINK]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-categories-of-financial-assets-ias-39subject-to-tainting-rule/</guid>
		<description><![CDATA[
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 &#8220;tainting rule&#8221;. Identify the category and explain what is tainting rule.
 
Thanks and Regards.
 

Kibona






Hi,


Tainting Rule means:
Where an entity sells or transfers more than an &#8216;insignificant amount&#8217; of its held-to-maturity investments it must reclassify all of them as available-for-sale. It is then prohibited from classifying any assets as held-to-maturity for the next two full annual financial periods, ...


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<li><a href='http://www.ifrslist.com/2008/08/28/re-ifrs-list-cash-equivalent/' rel='bookmark' title='Permanent Link: Cash equivalent'>Cash equivalent</a></li>
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		</item>
		<item>
		<title>IAS 2</title>
		<link>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-ias-2-2/</link>
		<comments>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-ias-2-2/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:24:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[IAS 2]]></category>
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		<category><![CDATA[INVENTORY]]></category>
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		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-ias-2-2/</guid>
		<description><![CDATA[Dear all,

Is it fair to value inventory at updated standard costs even if the inventory item was manufactured at a time when standard costs were much lower?
 
Regards,
Grace



Hi Divine
I experienced this issue in 1995
It is fair and possible but all depends on the control and policies you have
IAS 2 allows you to use standard cost valuation for inventory in final reporting if standards approximate to actuals.  As you well say below the standards will always differ a lot to actuals particularly now (and so was the case in 1995) because of ...


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<li><a href='http://www.ifrslist.com/2008/08/28/re-ifrs-list-forex-affect-on-construction-revenue/' rel='bookmark' title='Permanent Link: ForEx affect on construction revenue'>ForEx affect on construction revenue</a></li>
<li><a href='http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-budget/' rel='bookmark' title='Permanent Link: Budget'>Budget</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Not-for-profit organizations</title>
		<link>http://www.ifrslist.com/2008/12/15/not-for-profit-organizations/</link>
		<comments>http://www.ifrslist.com/2008/12/15/not-for-profit-organizations/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:22:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[OTHER]]></category>
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		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-not-for-profit-organizations/</guid>
		<description><![CDATA[In Canada, public companies and financial institutions (generally)
will be adopting IFRS in 2011. Private companies will have the choice
between IFRS and or local Canadian standards specifically for them. It
has not been announce yet what will happen with &#8220;Not-for-profit&#8221;
organizations (generally charities), but it seems likely they will
also have a choice between IFRS and local Canadian standards designed
specifically for not-for-profit organizations (essentially the private
company accounting standards with some extras/exceptions).
Can I ask what happens in other countries that are using (or adopting)
IFRS? Do private companies have a choice to adopt IFRS, are there
local ...


Related posts:<ol><li><a href='http://www.ifrslist.com/2008/08/27/standards-for-smesnot-for-profit-organizations/' rel='bookmark' title='Permanent Link: Standards for sme&#8217;s:not for profit organizations'>Standards for sme&#8217;s:not for profit organizations</a></li>
<li><a href='http://www.ifrslist.com/2008/08/27/fwd-ifrs-list-standards-for-smesnot-for-profit-organizations/' rel='bookmark' title='Permanent Link: Fwd: [IFRS List] standards for sme&#8217;s:not for profit organizations'>Fwd: [IFRS List] standards for sme&#8217;s:not for profit organizations</a></li>
<li><a href='http://www.ifrslist.com/2008/12/14/non-profit-organizations/' rel='bookmark' title='Permanent Link: Non-Profit Organizations'>Non-Profit Organizations</a></li>
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		</item>
		<item>
		<title>Equity investments AFS is a non-monetary items?</title>
		<link>http://www.ifrslist.com/2008/12/14/equity-investments-afs-is-a-non-monetary-items/</link>
		<comments>http://www.ifrslist.com/2008/12/14/equity-investments-afs-is-a-non-monetary-items/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 18:45:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IFRS]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[CPA]]></category>
		<category><![CDATA[DIVIDEND]]></category>
		<category><![CDATA[EQUITY]]></category>
		<category><![CDATA[EVALUATION]]></category>
		<category><![CDATA[EXCHANGE RATE]]></category>
		<category><![CDATA[FAIR VALUE]]></category>
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		<category><![CDATA[FOREIGN CURRENCY]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 1]]></category>
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		<description><![CDATA[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 company, just receipt the dividends and sale it in a high level.
Thanks



 
 
Roberto


 
The standard applicable to AFS is IAS 39 even if the investment is in a currency other than your own reporting currency.
Despite the managerial intention, if the percentage of interest owned, directly or indirectly, by your company is ...


Related posts:<ol><li><a href='http://www.ifrslist.com/2008/12/15/where-can-i-find-pdf-copy-of-us-gaap-and-us-gaap-apb/' rel='bookmark' title='Permanent Link: Where can I find pdf copy of US GAAP and US GAAP APB?'>Where can I find pdf copy of US GAAP and US GAAP APB?</a></li>
<li><a href='http://www.ifrslist.com/2008/12/15/exceptional-items-vs-extraordinary-items/' rel='bookmark' title='Permanent Link: Exceptional Items vs. Extraordinary Items'>Exceptional Items vs. Extraordinary Items</a></li>
<li><a href='http://www.ifrslist.com/2008/08/28/re-ifrs-list-equity-accounting/' rel='bookmark' title='Permanent Link: Equity accounting.'>Equity accounting.</a></li>
</ol>]]></description>
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		</item>
		<item>
		<title>IFRS 7</title>
		<link>http://www.ifrslist.com/2008/12/14/ifrs-7-2/</link>
		<comments>http://www.ifrslist.com/2008/12/14/ifrs-7-2/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 16:27:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
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		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-ifrs-7-2/</guid>
		<description><![CDATA[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
 




 
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 the characteristics of those financial instruments.


Requirement 2
Description of processes for managing the ...


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		<item>
		<title>IAS 39</title>
		<link>http://www.ifrslist.com/2008/08/28/ifrs-39/</link>
		<comments>http://www.ifrslist.com/2008/08/28/ifrs-39/#comments</comments>
		<pubDate>Thu, 28 Aug 2008 15:28:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
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		<category><![CDATA[IAS 39]]></category>

		<guid isPermaLink="false">http://ifrslist.wordpress.com/2008/08/28/re-ifrs-list-ifrs-39/</guid>
		<description><![CDATA[Dear Sir/Madam,
I would like to have some detailed information about IAS 39.
Thanks and Regards
Karim


Do you mean ias 39? Well you can access the publication Financial instruments under IFRS  by Pricewaterhousecoopers at www.pwc.com/ifrs.
regards
S James


















http://www.asc.gov.sg/
 
Use this link to explore the complete original text,
 
 
Kind regards,
 
 
 
Henk Oonk
 
















No related posts.


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		<title>Foreign Currency</title>
		<link>http://www.ifrslist.com/2008/08/28/foreign-currency/</link>
		<comments>http://www.ifrslist.com/2008/08/28/foreign-currency/#comments</comments>
		<pubDate>Thu, 28 Aug 2008 15:27:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[FOREIGN CURRENCY]]></category>
		<category><![CDATA[IAS 32]]></category>
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		<guid isPermaLink="false">http://ifrslist.wordpress.com/2008/08/28/re-ifrs-list-dear-all/</guid>
		<description><![CDATA[Dears

I have a question regarding bank a/c in foreging currency, as we have one bank account in euro, where as we are maintaing our books in local currency (other than euro).
Every month we there is difference in exchage rate, and we closing our books on monthly basis. in my opinion we have to record the difference (if there) every month either expense or income, where as my manager want to show this difference (if there) one time only at the year end and he want to keep this monthly difference ...


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<li><a href='http://www.ifrslist.com/2011/09/07/ias-7-statement-of-cash-flows-foreign-exchange-gainslosses/' rel='bookmark' title='Permanent Link: IAS 7- Statement of Cash Flows &amp; Foreign exchange gains/losses'>IAS 7- Statement of Cash Flows &amp; Foreign exchange gains/losses</a></li>
<li><a href='http://www.ifrslist.com/2009/04/30/foreign-currency-translation-issue/' rel='bookmark' title='Permanent Link: Foreign currency translation issue'>Foreign currency translation issue</a></li>
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		<item>
		<title>Hedging on Foreign Currencies</title>
		<link>http://www.ifrslist.com/2008/08/28/hedging-on-foreign-currencies/</link>
		<comments>http://www.ifrslist.com/2008/08/28/hedging-on-foreign-currencies/#comments</comments>
		<pubDate>Thu, 28 Aug 2008 15:27:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[FOREIGN CURRENCY]]></category>
		<category><![CDATA[FOREX]]></category>
		<category><![CDATA[HEDGE ACCOUNT]]></category>

		<guid isPermaLink="false">http://ifrslist.wordpress.com/2008/08/28/re-ifrs-list-hedging-on-foreign-currencies/</guid>
		<description><![CDATA[Dear friends,

it happens that I am an employee of a manufacturing company who is making hedging for foreing currencies transactions.
Do you happen to have documentation on the bookings that I have to make in the balance sheet/profit&#38;loss account?
With a specific example: spot exchange rate, forward exchange rate, what I should book as P&#38;L gain/loss and in B/S as payables/receivables?
Thank you.
Adrian Mitranus
 






First question: Is the hedging done to cover up for risks related to the purchase of goods or as a financial instrument?



Jorge,
90% is made to cover risks related to purchase ...


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		</item>
		<item>
		<title>Disclosure notes on IFRS 7</title>
		<link>http://www.ifrslist.com/2008/08/28/disclosure-notes-on-ifrs-7/</link>
		<comments>http://www.ifrslist.com/2008/08/28/disclosure-notes-on-ifrs-7/#comments</comments>
		<pubDate>Thu, 28 Aug 2008 15:17:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[IAS 1]]></category>
		<category><![CDATA[IFRS 7]]></category>

		<guid isPermaLink="false">http://ifrslist.wordpress.com/2008/08/28/re-ifrs-list-disclosure-notes-on-ifrs-7/</guid>
		<description><![CDATA[

Can any one let us know if there are any model notes for financial statements for disclosures as per IFRS 7 &#8220;Financial Instruments Disclosures&#8221; in the financial statements as per IAS 34 &#8220;Interim Financial Reporting&#8221;?
 
Do they primarily have to be disclosed in the interim financial statements as they are disclosed in the annual financial statements as per IAS1 ? Or are there some abbreviated versions of such disclosures for interim financial statements?
 
Your assistance on this will be greatly appreciated.
 
Dear Ghosh


Please go to this website to locate the source
http://www.iasplus.com/dttpubs/pubs.htm
Thanks and regards
Simon



Related posts:IFRS implication ...


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