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	<title>IFRS LIST.com &#187; IAS 39</title>
	<atom:link href="http://www.ifrslist.com/tag/ias-39/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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		<item>
		<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>IFRS Implementation-cum-Global Qualification on 3rd July 2011 in New Delhi</title>
		<link>http://www.ifrslist.com/2011/06/21/ifrs-implementation-cum-global-qualification-on-3rd-july-2011-in-new-delhi/</link>
		<comments>http://www.ifrslist.com/2011/06/21/ifrs-implementation-cum-global-qualification-on-3rd-july-2011-in-new-delhi/#comments</comments>
		<pubDate>Tue, 21 Jun 2011 09:23:03 +0000</pubDate>
		<dc:creator>rajeshb</dc:creator>
				<category><![CDATA[TRAINING]]></category>
		<category><![CDATA[GAAP]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 1]]></category>
		<category><![CDATA[IAS 16]]></category>
		<category><![CDATA[IAS 2]]></category>
		<category><![CDATA[IAS 21]]></category>
		<category><![CDATA[IAS 32]]></category>
		<category><![CDATA[IAS 38]]></category>
		<category><![CDATA[IAS 39]]></category>
		<category><![CDATA[IASB]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[IFRS 3]]></category>
		<category><![CDATA[IFRS 7]]></category>
		<category><![CDATA[IFRS COURSES]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=2918</guid>
		<description><![CDATA[For finance and accounts professionals looking for an effective training on IFRS with special focus to India implementation.


Related posts:<ol><li><a href='http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-training-centre-for-ifrs-course-of-accai/' rel='bookmark' title='Permanent Link: Training centre for IFRS course of ACCAI?'>Training centre for IFRS course of ACCAI?</a></li>
<li><a href='http://www.ifrslist.com/2008/12/15/what-is-this-acca/' rel='bookmark' title='Permanent Link: What is this ACCA?'>What is this ACCA?</a></li>
<li><a href='http://www.ifrslist.com/2008/08/27/implementation-of-ifrs-in-india/' rel='bookmark' title='Permanent Link: Implementation of IFRS in India'>Implementation of IFRS in India</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge Accounting: Register by 6th October to Save up to £600 + an Extra 10%</title>
		<link>http://www.ifrslist.com/2010/10/03/hedge-accounting-register-by-6th-october-to-save-up-to-600-an-extra-10/</link>
		<comments>http://www.ifrslist.com/2010/10/03/hedge-accounting-register-by-6th-october-to-save-up-to-600-an-extra-10/#comments</comments>
		<pubDate>Sun, 03 Oct 2010 20:49:19 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[EVENTS]]></category>
		<category><![CDATA[TRAINING]]></category>
		<category><![CDATA[HEDGE ACCOUNTING]]></category>
		<category><![CDATA[IAS 39]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=2363</guid>
		<description><![CDATA[Hedge Accounting stands apart from other areas of the IAS 39 replacement project. Rather than simply &#8216;patch&#8217; existing requirements, the Hedge Accounting rules are being completely re-written. Consequently, the exposure has been hotly debated by all IFRS stakeholders and leading to extended delays in publication.
Accounting, Regulatory &#38; Market Insights into
Hedge Accounting
Under the NEW IASB Proposals
8 December 2010 &#8211; Central London
10% Discount quote VIP Code: KM6410LISTEM
With the exposure draft expected September 2010, this event has been specifically scheduled to provide the first opportunity to gain an in-depth understanding of the practical changes. Content will examine the technical details of ...


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<li><a href='http://www.ifrslist.com/2009/10/21/infoline%e2%80%99s-ifrs-events-in-december-2009-zurich-save-up-to-e-1500-register-by-the-13th-nov-2009/' rel='bookmark' title='Permanent Link: Infoline’s IFRS events in December 2009 (Zurich) &#8211; SAVE up to €. 1.500 (Register by the 13th Nov 2009)'>Infoline’s IFRS events in December 2009 (Zurich) &#8211; SAVE up to €. 1.500 (Register by the 13th Nov 2009)</a></li>
<li><a href='http://www.ifrslist.com/2010/08/17/ifrs-for-insurers-save-up-to-1050-plus-an-extra-ifrs-list-10-discount/' rel='bookmark' title='Permanent Link: IFRS for Insurers: Save up to £1050 plus an extra IFRS List 10% Discount'>IFRS for Insurers: Save up to £1050 plus an extra IFRS List 10% Discount</a></li>
</ol>]]></description>
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		<slash:comments>3</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 ...


Related posts:<ol><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>
<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>UE adopted IFRIC 18 and other amendments to IFRIC and Standards (IAS39 + IFRIC 9 and IFRS 4 + IFRS 7)</title>
		<link>http://www.ifrslist.com/2009/12/03/ue-adopted-ifric-18-and-other-amendments-to-ifric-and-standards-ias39-ifric-9-and-ifrs-4-ifrs-7/</link>
		<comments>http://www.ifrslist.com/2009/12/03/ue-adopted-ifric-18-and-other-amendments-to-ifric-and-standards-ias39-ifric-9-and-ifrs-4-ifrs-7/#comments</comments>
		<pubDate>Thu, 03 Dec 2009 11:45:39 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IFRSLIST.COM]]></category>
		<category><![CDATA[NEWS]]></category>
		<category><![CDATA[RESOURCES]]></category>
		<category><![CDATA[IAS 39]]></category>
		<category><![CDATA[IFRIC 18]]></category>
		<category><![CDATA[IFRIC 9]]></category>
		<category><![CDATA[IFRS 4]]></category>
		<category><![CDATA[IFRS 7]]></category>
		<category><![CDATA[Transfers of Assets from Customers]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=1526</guid>
		<description><![CDATA[The Commission of European Communities has adopted:
- IFRIC 18 &#8211; IFRIC Interpretation 18 Transfers of Assets from Customers &#8211; http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2009:314:0015:0020:EN:PDF
Amendments to:
- IFRS 4 and IFRS 7 &#8211; http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2009:314:0021:0026:EN:PDF
- IFRIC 9 and IAS 39 &#8211; http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2009:314:0043:0046:EN:PDF 


Related posts:IFRS 1 (restructured in 2008) and IFRIC 17 adopted by UE
IFRS Updates: Regulations approved by European Union
Annual Report 2009 under International Financial Reporting Standards (IAS-IFRS 2009)



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<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>
<li><a href='http://www.ifrslist.com/2010/02/19/annual-report-2009-under-international-financial-reporting-standards-ias-ifrs-2009/' rel='bookmark' title='Permanent Link: Annual Report 2009 under International Financial Reporting Standards (IAS-IFRS 2009)'>Annual Report 2009 under International Financial Reporting Standards (IAS-IFRS 2009)</a></li>
</ol>]]></description>
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		<slash:comments>1</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 ...


Related posts:<ol><li><a href='http://www.ifrslist.com/2009/11/23/loss-on-interest-rate-swap-can-be-capitalized/' rel='bookmark' title='Permanent Link: Loss on interest rate swap can be capitalized?'>Loss on interest rate swap can be capitalized?</a></li>
<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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		</item>
		<item>
		<title>Investment decision</title>
		<link>http://www.ifrslist.com/2008/12/15/investment-decision/</link>
		<comments>http://www.ifrslist.com/2008/12/15/investment-decision/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:30:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[IFRS]]></category>
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		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-investment-decision/</guid>
		<description><![CDATA[Dear Every one,

Can any one help to solve the following problems:
   
Say, XY is a joint venture company between X &#38; Y with 70:30 proportion with issued capital of  $100. Now, Y intends to offload its share to Z company for a consideration of $ 80.
Now the question is how this investment would be shown in Z company&#8217;s F/S and which IAS/IFRS will cover this transaction ?
 
Also can any one share reconciliation between IFRS and US GAAP F/S ?
 
Advance thanks to every one
 
 
MM


Hi there,

My answer would be the following:
Y has a ...


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<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>
<li><a href='http://www.ifrslist.com/2008/12/14/equity-investments-afs-is-a-non-monetary-items/' rel='bookmark' title='Permanent Link: Equity investments AFS is a non-monetary items?'>Equity investments AFS is a non-monetary items?</a></li>
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		</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>
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		<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>
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		</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>
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		<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>
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		<title>IFRS 32/39 (No) Hedge accounting</title>
		<link>http://www.ifrslist.com/2008/12/15/ifrs-3239-no-hedge-accounting/</link>
		<comments>http://www.ifrslist.com/2008/12/15/ifrs-3239-no-hedge-accounting/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:26:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
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		<description><![CDATA[Dear all,
 
An answer to the following question would be much appreciated:
 
If no hedge accounting is applied, should all changes in fair value of derivatives be recognized as financial income or expense (so below operating result) or is recording of the change in fair value within operating result allowed?
 
 
Further, does anyone have one clear memo, including example journal entries of the various possble accounting issues (cf hedge, fv hedge net investment in foreign operation) applying hedge accounting and not-applying hedge accounting and if possible, all other accounting (including journal entries) not applying ...


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		</item>
		<item>
		<title>Forex hedging treatment and disclosure.</title>
		<link>http://www.ifrslist.com/2008/12/15/forex-hedging-treatment-and-disclosure/</link>
		<comments>http://www.ifrslist.com/2008/12/15/forex-hedging-treatment-and-disclosure/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:24:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[IFRS]]></category>
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		<description><![CDATA[Dear all


My Company has an outstanding USD loan of say US$10m and as our main subsidiaries are operating in China and earns revenue denominated in RMB, which will ultimately flow to our company in terms of RMB dividend (converted to USD due to exchange regulation in PRC).
As we need to make periodic payments say US$1m every quarter, we are considering entering forex contracts to fix the USD/RMB rate that matches the payments (i.e. 10 contracts @US$1m each @ either same conversion price or different conversion price). 
How should we disclose ...


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		<item>
		<title>Where can I find pdf copy of US GAAP and US GAAP APB?</title>
		<link>http://www.ifrslist.com/2008/12/15/where-can-i-find-pdf-copy-of-us-gaap-and-us-gaap-apb/</link>
		<comments>http://www.ifrslist.com/2008/12/15/where-can-i-find-pdf-copy-of-us-gaap-and-us-gaap-apb/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:22:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[LOCAL GAAP vs IFRS]]></category>
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		<description><![CDATA[Do anyone know where I can download copy of US GAAP and US GAAP APB?


Thanks Dessanti for your answer
Our position is less than 1%, we bought in the active market Euro a
little position to speculate in market price.
The IAS 39 don&#8217;t include equity investment as applicable financial
asset to recognized the gain or loss in foreign exchange in the
current period income statement, as its explain as follows:
Available-for-sale financial assets (AFS)…. &#8230; Fair value changes on
AFS assets are recognised directly in equity, through the statement of
changes in equity, except for interest on ...


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		<title>Loan Impairment</title>
		<link>http://www.ifrslist.com/2008/12/14/loan-impairment/</link>
		<comments>http://www.ifrslist.com/2008/12/14/loan-impairment/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 18:45:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IFRS]]></category>
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		<description><![CDATA[Is there any guideline for measurement of loan impairment and recognition of interest income by using effective rate method


Asim



well Esther the UK leads the path i.e. the UK tax authorities are the only ones in Europe which accept IFRS reporting to the extent that its website http://www.hmrc.gov.uk/ does have a section allocated to differences between IFRS and UK GAAP
I wish in Germany they had the same thing!!!!!







 

Asim
 
Below is the list of applicable paragraphs from IAS 39 for measurement of loan impairment:
 




                 Financial assets carried at amortized cost







63
If there is objective evidence ...


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		<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>
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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 ...


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		<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>
		<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[CASH]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[DISCLOSURE]]></category>
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		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 1]]></category>
		<category><![CDATA[IAS 39]]></category>
		<category><![CDATA[IFRS]]></category>
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		<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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