TAILIEUCHUNG - Lecture IFRS primer international GAAP basics: Chapter 18 - Wiecek, Young

Chapter 18 introduce to financial instruments - Recognition and measurement: IAS 39. The main contents of the chapter consist of mains parts: Related standards, IAS 39, current GAAP comparisons, looking ahead, end-of-chapter practice. | Financial Instruments –Recognition and Measurement: IAS 39 Wiecek and Young IFRS Primer Chapter 18 Financial Instruments – Recognition and Measurement: IAS 39 Related standards IAS 39 Current GAAP comparisons Looking ahead End-of-chapter practice Related Standards FAS 115 Accounting for Certain Investments in Debt and Equity Securities FAS 130 Reporting Comprehensive Income FAS 133 Accounting for Derivative Instruments and Hedging Activities FAS 138 Accounting for Certain Derivative Instruments and Certain Hedging Activities—an amendment of FASB Statement No. 133 FAS 140 and 156 Accounting for the Transfer and Servicing of Financial Assets and Extinguishment of Financial Liabilities FAS 155 Accounting for Certain Hybrid Financial Instruments FAS 157 Fair Value Measurements FAS 159 The Fair Value Option for Financial Assets and Financial Liabilities FIN 45 Guarantor’s Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others Related Standards IFRS 7 Financial Instruments: Disclosures IAS 1 Presentation of Financial Statements IAS 32 Financial Instruments: Presentation IAS 39 – Overview Objective and scope Derivatives Derecognition Hedging IAS 39 – Objective and Scope This standard deals with recognition and measurement of financial assets and liabilities and is part of a suite of standards dealing with financial instruments This chapter will go into a bit more depth on some of the more complex areas such as: Derivatives (including embedded derivatives) Guarantees Loan commitments Expected use contracts Derecognition Hedging IAS 39 – Derivatives A derivative has three essential characteristics: • Its value changes in response to the change in an underlying primary instrument/index exchange rate or other, called an “underlying” The underlying may not be specific party to the contract if it relates to a non-financial variable • There is little or no initial investment • It is settled (or

• Kế toán - Kiểm toán
• International Financial Reporting Standards
• Non financial assets
• Reporting basics
• Financial assets
• Reporting entity
• Financial instruments
• Financial accounting
• Financial reporting
• Financial reporting standards
• Merchandising operations
• Internal control
• Financial statements
• Stockholders’ equity
• Financial statement analysis
• International financial reporting
• Conceptual framework
• Financial position
• Globalization trend
• International Accounting Standards Board
• Employee benefits
• Revenue recognition
• Including construction contracts
• government grants
• Foreign currency
• Accounting standards worldwide
• Wiley IFRS 2013
• International Financial Reporting Standard
• Tiêu chuẩn báo cáo tài chính quốc tế
• Accounting policies
• Financial liabilities
• Interim financial reports
• Interim financial reporting
• Summary of dissertation
• International financial reporting standards adoption
• Vietnamese enterprises
• IFRS standards in Vietnamese enterprises
• Application of IFRS standards
• Accounting standards
• Financial statement
• Stock exchange
• Joint stock companies
• Vietnam’s accounting standards
• Financial reporting under IFRS
• International trends
• Share based payments
• Standards applicable
• IFRS financial statement
• Separate financial statements