IAS 39

IAS 39 is almost certainly the most complex of all the International Accounting Standards and causes the most difficulties for companies in transition. Nearly all business areas are affected by it, and its requirements often compel entities to make costly and time-consuming changes in systems, documentation, and risk management procedures. Today, sound accounting and proper disclosure of financial instruments are crucial in order to give the right message to shareholders and other market participants. In keeping, this book is designed to provide readers a broad overview of how financial instruments are accounted for under IAS 39; and to ease the adoption of the new regulations. It refers to the latest version “revised IAS 39”, issued in December 2003, including all amendments to IAS 39 & 32 as at October 2005; and the main requirements of IFRS 7.