IAS 36 and IAS 39: Difference between pages

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imported>Doug Williamson
(Link with IFRS 9 page.)
 
imported>Doug Williamson
(Future proof: changed 'IAS 39 will be largely' to 'IAS is largely')
 
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International Accounting Standard 36, dealing with impairment of assets.
International Accounting Standard 39, dealing with financial instruments: recognition and measurement.


Issued by the International Accounting Standards Board.
IAS 39 is largely superseded by the 2014 revised IFRS 9 'Financial Instruments' which comes into full effect from January 2018.  




IAS 36 seeks to ensure that an entity's assets are not carried at more than their recoverable amount (i.e. the higher of fair value less costs of disposal and value in use).
== See also ==
* [[ALFV]]
* [[Available-for-sale]]
* [[FRS  5]]
* [[FRS 26]]
* [[Hedge effectiveness]]
* [[Held for trading]]
* [[Held-to-maturity]]
* [[HFT]]
* [[IAS 18]]
* [[IAS 32]]
* [[IFRS  9]]
* [[IFRS 9 hedge accounting reforms: a closer reflection of risk management?]]
* [[International Financial Reporting Standards]]
* [[Loans and receivables]]
* [[MCT]]
* [[Recognition]]


With the exception of goodwill and certain intangible assets for which an annual impairment test is required, entities are required to conduct impairment tests where there is an indication of impairment of an asset, and the test may be conducted for a 'cash-generating unit' where an asset does not generate cash inflows that are largely independent of those from other assets.


 
===Other links===
== See also ==
[http://www.treasurers.org/node/3333 IAS 39 implementation experience reported by ACT members, 2005]
* [[Cash-generating unit]]
* [[Fair value]]
* [[FRS 11]]
* [[Goodwill]]
* [[IFRS 9]]
* [[Impairment]]
* [[International Financial Reporting Standards]]
* [[Value in use]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Corporate_finance]]
[[Category:Compliance_and_audit]]
[[Category:Compliance_and_audit]]

Revision as of 12:28, 7 January 2016

International Accounting Standard 39, dealing with financial instruments: recognition and measurement.

IAS 39 is largely superseded by the 2014 revised IFRS 9 'Financial Instruments' which comes into full effect from January 2018.


See also


Other links

IAS 39 implementation experience reported by ACT members, 2005

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