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IAS Plus newsletter - Special Global Edition – IFRS 7 Financial Instruments: Disclosures

Published on: 07 Oct 2005

On 18 August 2005, the International Accounting Standards Board (IASB) issued IFRS 7 Financial Instruments: Disclosures.

The Standard:

  • adds new disclosures about financial instruments to those currently required by IAS 32 Financial Instruments: Disclosure and Presentation
  • replaces the disclosure requirements currently imposed on financial institutions by IAS 30 Disclosures in the Financial Statements of Banks and Similar Financial Institutions
  • puts all of those financial instruments disclosures together in a new combined Standard. The remaining parts of IAS 32, which will be renamed Financial Instruments: Presentation, deal only with presentation matters, including classifying instruments as debt or equity, compound financial instruments, offsetting, and treasury shares.


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