IPSASB publishes guidance on financial instruments

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Aug 14, 2018

On August 14, 2018, the International Public Sector Accounting Standards Board (IPSASB) released IPSAS 41 "Financial Instruments".

IPSAS 41 replaces IPSAS 29 Financial Instruments: Recognition and Measurement, and introduces:

  • Simplified classification and measurement requirements for financial assets;
  • A forward-looking impairment model; and
  • A flexible hedge accounting model.

IPSAS 41 includes public sector-specific guidance and illustrative examples on: (1) financial guarantees issued through non-exchange transactions; (2) concessionary loans; (3) equity instruments arising from non-exchange transactions; and (4) fair value measurement.

Review the press release, IPSAS 41, and At-a-Glance summary on the IPSASB's website.

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