1. Accounting, Auditing, Actuarial
  2. IFRS Foundation & IASB
  3. International Accounting Standards (IASs)
  4. 2020
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  1. IAS 39: Financial Instruments: Recognition and Measurement
  2. IAS 39: Basis for Conclusions
  3. Introduction (paras. BC1-BC130)
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Version date: 26 February 2020 - onwards
    Version 1 of 1    

Introduction (paras. BC1-BC130)

IAS 39: Financial Instruments: Recognition and Measurement (version for insurers utilising the exemption effected by Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Amendments to IFRS 4))

This Basis for Conclusions accompanies, but is not part of, IAS 39.

In this Basis for Conclusions the terminology has not been amended to reflect the changes made by IAS 1 Presentation of Financial Statements(as revised in 2007).

References to the Framework are to IASC's Framework for the Preparation and Presentation of Financial Statements, adopted by the IASB in 2001. In September 2010 the IASB replaced the Framework with the Conceptual Framework for Financial Reporting.

IFRS 9 Financial Instruments replaced IAS 39. However, the Board did not reconsider most of the requirements of IAS 39 relating to scope, classification and measurement of financial liabilities or derecognition of financial assets and financial liabilities. Accordingly the following were relocated to IFRS 9:

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Comparing proposed amendment...
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