This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IAS Plus newsletter - Special Global Edition – Amendment to IAS 39 and IFRS 4 - Financial Guarantee Contracts

Published on: 21 Dec 2005

Amendment to IAS 39 and IFRS 4 – Financial guarantee contracts

On 18 August 2005, the International Accounting Standards Board (IASB) amended the scope of IAS 39 financial guarantee contracts issued by the entity. If an issuer of financial guarantee contracts has previously asserted explicitly that it regards such contracts as insurance contracts and has used accounting applicable to insurance contracts, the issuer may elect to apply either IAS 39 or IFRS 4 Financial Instruments: Recognition and Measurement to includeInsurance Contracts to such financial guarantee contracts.


Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.