INTERNATIONAL TECHNICAL ROUND UP – IPSAS RELEASES NEW FINANCIAL INSTRUMENT STANDARD
September 1st, 2018
THE INTERNATIONAL Public Sector Accounting Standards Board (IPSASB) has released a new standard on reporting financial instruments - IPSAS 41 - to improve the relevance of financial assets and liabilities data. It replaces financial instruments reporting rules in IPSAS 29, introducing a single classification and measurement model for financial assets, considering an asset's objective and cash flows. It applies a forward-looking expected credit loss model and an improved hedge accounting model, linking risk management strategies with how related financial ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.