IFRS
Financial Instruments on Display - Illustrative Disclosures and Guidance on IFRS 7
Contents
IFRS 7 Financial Instruments: Disclosures (IFRS 7) is not new - it came into effect for annual periods beginning on or after 1 January 2007. Nonetheless we think this guide is very topical. Experience has shown that IFRS 7 presents challenges, and two years of practical experience enables us to share our insights into the most problematic areas. Moreover, the global financial crisis has put the spotlight on the adequacy of risk and other disclosures concerning financial instruments. The crisis has also led the IASB to add some significant new requirements to IFRS 7 in recent months. The latest edition of the publication has been updated to reflect these requirements which come into effect from 1 January 2009.
