Section 4500: Disclosures of Financial Instruments
International Financial Reporting Standard 7
Financial Instruments: Disclosures
1. History
IAS 30, Disclosures in the Financial Statements of Banks and Similar Financial Institutions
Issued in August 1990
In 2005, IFRS 7 replaced IAS 30
IFRS 7, Financial Instruments: Disclosures, issued in August 2005
2. IFRS 7 Disclosures
--> help users evaluate
(1) significance of financial instruments
for performance and financial position
(2) nature and extent of risks
from financial instruments
3. Part 1: Significance of Financial Instruments
--> for performance and financial position
Part 1A: Statement of Financial Position
Part 1B: Statement of Comprehensive Income
Part 1C: Other disclosures
4. Part 2: Nature and Extent of Risks
--> from Financial Instruments
Part 2A: Quantitative disclosures
Part 2B: Qualitative disclosures
5. Part 1A: Statement of Financial Position
1A-1: categories of financial assets and financial liabilities
1A-2: financial assets and financial liabilities at fair value
1A-3: reclassification
1A-4: derecognition
1A-5: collateral
1A-6: allowance for credit losses
1A-7: compound financial instruments
1A-8: defaults and breaches
6. Part 1B and 1C
Part 1B: Statement of Comprehensive Income
1B-1: income, expenses, gains and losses
Part 1C: Other Disclosures
1C-1: accounting policies
1C-2: hedge accounting
1C-3: fair value
7. Part 2A and 2B
Part 2A: Quantitative Disclosures
2A-1: credit risk
2A-2: liquidity risk
2A-3: market risk
Part 2B: Qualitative Disclosures
2B-1: exposure to risk
2B-2: how to measure and manage the risk
2B-3: changes in 2B-1, 2B-2
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Index of IFRS Financial Reporting Textbook
