Transcription of Ind AS 32 and Ind AS 109 - Financial Instruments …
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Ind AS 32 and Ind AS 109 - Financial Instruments …
Ind AS 32 and Ind AS 109 - Financial Instruments classification , recognition and measurementJune 2015 Executive summaryStandards dealing with Financial Instruments under Ind ASFinancial instrumentsPrinciples of liability/ equity classificationCompound instrumentsTreatment of interest, dividends, gains and losses and other itemsFinancial assets and Financial liabilities - initial recognitionFinancial assets - classification and subsequent measurementFinancial liabilities - classification and subsequent measurementForeign exchange gains and losses on Financial assets and Financial liabilitiesTransitional provisions with respect to the classification and measurement of Financial instrumentsImpact of Ind AS 32 and Ind AS 109040506071318202237404142 Contents2In a nutshell Comprehensive standards on Financial Instruments issued under the Companies (Indian Accounting Standards) Rules, 2015. Financial Instruments to be classified as per substance rather than legal form.
Under Ind AS, three Standards deal with accounting for financial instruments. • Ind AS 32 Financial Instruments: Presentation deals with the presentation and classification of financial instruments as financial liabilities or equity and sets out the requirements regarding offset of financial assets and financial
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