IAS Plus newsletter — Clarification regarding assessment of embedded derivatives

Published on: 14 Mar 2009

On 12 March 2009, the International Accounting Standards Board (IASB) issued Embedded Derivatives (Amendments to IFRIC 9 and IAS 39).

The amendments clarify the accounting for embedded derivatives when a financial asset is reclassified out of the ‘fair value through profit or loss’ (FTVPL) category as permitted by the October 2008 amendments to IAS 39 Financial Instruments: Recognition and Measurement.

The amendments are effective for annual periods ending on or after 30 June 2009, and must be applied retrospectively.


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