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Possible new approach to IAS 39 fair value option

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07 Dec 2004

The IASB has Posted on its Website a preliminary draft of a possible new approach to the fair value option under IAS 39. The fair value option allows an entity to designate, at acquisition or issuance, most individual financial assets and financial liabilities to be measured at fair value with value changes recognised in profit or loss.

A proposed amendment to IAS 39 currently outstanding would restrict the use of the fair value option somewhat. In endorsing IAS 39 for use in Europe, the European Commission has prohibited the use of the fair value option for liabilities.

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