Financial Instruments: Recognition and …

STATUTORY BOARD SB-FRS 39 Financial REPORTING STANDARD Financial instruments : Recognition and measurement This version of the Statutory Board Financial Reporting Standard does not include amendments that are effective for annual periods beginning after 1 January 2013. This standard is equivalent to FRS 39 Financial instruments : Recognition and measurement issued by the Accounting Standards Council which is effective as at 1 January 2013. SB-FRS 39 CONTENTS OBJECTIVE SCOPE DEFINITIONS EMBEDDED DERIVATIVES Recognition AND DERECOGNITION Initial Recognition Derecognition of a Financial asset Transfers that qualify for derecognition Transfers that do not qualify for derecognition Continuing involvement in transferred assets All transfers Regular way purchase or sale of a Financial asset Derecognition of a Financial liability measurement Initial measurement of Financial assets and Financial liabilities Subsequent measurement of Financial assets Subsequent measurement of Financial liabilities Reclassifications Gains and losses Impairment and uncollectibility of financi

SB-FRS 39 Statutory Board Financial Reporting Standard 39 Financial Instruments: Recognition and Measurement (SB-FRS 39) is set out in paragraphs 1–110 and Appendices A and B.

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  Measurement, Financial, Instruments, Recognition, Financial instruments, Recognition and, Recognition and measurement

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