Newsletter on proposed debt investment disclosures
08 Jan 2009
Deloitte's IFRS Global Office has published an IAS Plus Update Newsletter – Additional Disclosures Proposed for Investments in Debt Instruments. The newsletter explains the IASB's proposals to amend IFRS 7 Financial Instruments: Disclosures to provide additional disclosures on all investments in debt instruments, other than those classified in the fair value through profit or loss category.
The turnaround time for the exposure draft is very short. Comments are required by 15 January and, if finalised, the amendments would be effective for years ending on or after 15 December 2008. Therefore, you will need to monitor the progress of the project so that the final requirements are incorporated in financial statements for December 2008 and subsequent accounting periods. |