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IPSASB publishes guidance on financial instruments

  • IPSASB (International Public Sector Accounting Standards Board) (mid gray) Image

17 Aug 2018

The International Public Sector Accounting Standards Board (IPSASB) has 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.

For more information, see the press release, IPSAS 41, and At-a-Glance summary on the IPSASB website.

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