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International Financial Reporting Standard (IFRS) 7
Financial Instruments: Disclosures

International Financial Reporting Standards (IFRS)
International Accounting Standards (IAS)
U.S. GAAP by Topic
 
International Financial Reporting Standard (IFRS) 7
  
IFRS 7
Financial Instruments: Disclosures
Issued in August 2005: replaced IAS 30
Recent amendment: by IFRS 3 revised in January 2008
  
Disclosures required by IFRS 7 help users evaluate:
 
   (1) significance of financial instruments
         --> for performance and financial position

   (2) nature and extent of risks
         --> from financial instruments
  
Part 1: Significance of financial instruments
         --> for performance and financial position
 
    Part 1A: statement of financial position
    Part 1B: statement of comprehensive income
    Part 1C: other disclosures
  
Part 2: Nature and extent of risks
         --> from financial instruments
 
    Part 2A: quantitative disclosures
    Part 2B: qualitative disclosures
  
Part 1A: statement of financial position
                1A-1: categories of financial assets and financial liabilities
                1A-2: financial assets and financial liabilities at fair value
                1A-3: reclassification
                1A-4: derecognition
                1A-5: collateral
                1A-6: allowance for credit losses
                1A-7: compound financial instruments
                1A-8: defaults and breaches  
  
Part 1B: statement of comprehensive income
                1B-1: income, expense, gains or losses
  
Part 1C: other disclosures
                1C-1: accounting policies
                1C-2: hedge accounting
                1C-3: fair value
  
Part 2A: quantitative disclosures
                2A-1: credit risk
                2A-2: liquidity risk
                2A-3: market risk
  
Part 2B: qualitative disclosures
                2B-1: exposures to risk
                2B-2: how to measure and manage the risk
                2B-3: changes in 2B-1, 2B-2
  
  
 
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