Financial instruments – completed projects
Projects undertaken in response to the financial crisis
- Embedded Derivatives (Amendments to IFRIC 9 and IAS 39)
In March 2009 the IASB issued amendments to clarify the accounting treatment for embedded derivatives. The amendments respond to input received at the joint IASB-FASB round table discussions that took place in November and December 2008 to address issues resulting from the financial crisis.
Click here for more information about the project
- Improving Disclosures about Financial Instruments (Amendments to IFRS 7)
In March 2009 the IASB issued amendments to IFRS 7 to clarify and enhance disclosures about fair value measurements and the liquidity risk of financial instruments.
Click here for more on the Improving Disclosures about Financial Instruments project.
- Investments in Debt Instruments (Proposed amendments to IFRS 7)
In January 2009 the IASB decided not to proceed with the proposed amendments to IFRS 7. This decision follows the deliberations of the Board in January and reflects the comments received on the exposure draft published in December 2008.
Click here to view the exposure draft and comment letters.
- Reclassification of Financial Assets (Amendments to IAS 39 and IFRS 7)
In October 2008 the IASB published amendments to permit reclassification of some financial instruments. The amendments to IAS 39 introduce the possibility of reclassifications for companies applying IFRSs, which were already permitted for securities under US GAAP in rare circumstances.
Click here for more on Reclassification of Financial Assets.
Other recently completed projects
- Eligible Hedged Items (Amendments to IAS 39)
In July 2008 the IASB issued an amendment to give additional guidance on the designation of a hedged item.
Click here for more on the Eligible Hedged Items project.
- Puttable Instruments and Obligations Arising on Liquidation (Amendments to IAS 32 and IAS 1)
In February 2008 the IASB issued amendments to improve the accounting for particular types of financial instruments that have characteristics similar to ordinary shares but presently are classified as financial liabilities.
Click here for more on the puttable instruments project.