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IFRS Newsletter: Financial Instruments

Aug 01, 2016
From the Financial Reporting View and the IFRS Institute

The July 2016, Issue 31 of KPMG ISG’s IFRS Newsletter: Financial Instruments summarizes the July IASB meeting at which the Board discussed its project about financial instruments with characteristics of equity. Specifically, the Board discussed how to apply the Gamma approach to (1) classifying derivatives on own equity, (2) asset/equity exchange derivatives, and (3) liability/equity exchange derivatives. The Board also discussed a sweep issue related to the interaction between IFRS 4, Insurance Contracts, and IFRS 9, Financial Instruments, and decided to revise certain related disclosure requirements.

Read KPMG ISG’s IFRS Newsletter: Financial Instruments