Problems arising in assessing the application of one of the key scope exemptions applying to financial instruments Here’s another of the issues discussed in the past by Canada’s IFRS Discussion Group: The scope of IFRS 9 Financial Instruments and of IAS 32 Financial Instruments: Presentation include guidance on when certain contracts to buy or sell…
A European example of misapplied standards… Here’s another of the issues arising from extracts of enforcement decisions issued in the past by the European Securities and Markets Authority (ESMA) (for more background see here); this is from their 21st edition: The issuer is an IT company which pursued in court another company, Entity X, for…
As we summarized here, the IASB has published for public comment a Discussion Paper on how companies issuing financial instruments should classify them in their financial statements. Last time we looked at this, I mentioned we’d return to the area of presentation. The discussion paper is hard to explain in any kind of plain language (I’m not…
A European example of issues arising in applying IAS 1.85 Here’s another of the issues arising from extracts of enforcement decisions issued in the past by the European Securities and Markets Authority (ESMA) (for more background see here); this is from their 20th edition: The issuer facilitates investments by clients who want to gain exposure…
As we summarized here, the IASB has published for public comment a Discussion Paper on how companies issuing financial instruments should classify them in their financial statements. One of the best ways of getting one’s head (somewhat) around the concepts is to focus on instruments for which the proposals would generate a different classification. Here’s one: net-share…
The IASB has published for public comment a Discussion Paper on how companies issuing financial instruments should classify them in their financial statements. Comments are to be received by January 7, 2019. Here’s how the accompanying news release summed up this initiative: IAS 32 Financial Instruments: Presentation currently sets out how a company that issues financial instruments should distinguish…
Here’s another issue considered in the past by CPA Canada’s IFRS Discussion Group: “An entity may settle a loan due to a shareholder by the issuance of the entity’s equity instruments (for example, common shares). This transaction may give rise to a difference between the carrying amount of the shareholder loan and the fair value…
