IPSAS 41, Financial Instruments
IPSASB
Aug 14, 2018 | Handbooks, Standards, and Pronouncements
English
All available Translations: Georgian
In Progress Translations: Mongolian
IPSAS 41, Financial Instruments, establishes new requirements for classifying, recognizing and measuring financial instruments to replace those in IPSAS 29, Financial Instruments: Recognition and Measurement.
IPSAS 41 provides users of financial statements with more useful information than IPSAS 29, by:
- Applying a single classification and measurement model for financial assets that considers the characteristics of the asset's cash flows and the objective for which the asset is held;
- Applying a single forward-looking expected credit loss model that is applicable to all financial instruments subject to impairment testing; and
- Applying an improved hedge accounting model that broadens the hedging arrangements in scope of the guidance. The model develops a strong link between an entity's risk management strategies and the accounting treatment for instruments held as part of the risk management strategy.
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Related Resources
- 2016 Handbook of International Public Sector Accounting Pronouncements
- Delivering for the Future: IPSASB 2017-2018 Biennial Review
- Exposure Draft 69, Public Sector Specific Financial Instruments, Amendments to IPSAS 41, Financial Instruments
- Exposure Draft 75, Leases
- Request for Information, Concessionary Leases and Other Arrangements Similar to Leases