IAS 39: Financial Instruments: Recognition and Measurement was an international accounting standard which outlined the requirements for the recognition and measurement of

financial asset A financial asset is a non-physical asset whose value is derived from a contractual claim, such as bank deposits, bonds, and participations in companies' share capital. Financial assets are usually more liquid than other tangible assets, such a ...

s, financial liabilities, and some contracts to buy or sell non-financial items. It was released by the International Accounting Standards Board (IASB) in 2003, and was replaced in 2014 by

IFRS 9 IFRS 9 is an International Financial Reporting Standard (IFRS) published by the International Accounting Standards Board (IASB). It addresses the accounting for financial instruments. It contains three main topics: classification and measuremen ...

, which became effective in 2018. It was adopted by the European Union in 2004. In 2005, the EU also introduced the

fair value In accounting and in most schools of economic thought, fair value is a rational and unbiased estimate of the potential market price of a good, service, or asset. The derivation takes into account such objective factors as the costs associated wi ...

and hedging provision of the amended version of IAS 39. The EU version was changed at the end of 2008 in response to the

financial crisis of 2008 Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fi ...

. The comparative accounting measures in the United States are FAS 133 and FAS 157. The Financial Accounting Standards Board (FASB) released a 'FASB Staff Position' statement in October, 2008, in response to the financial crisis.

References

External links

Technical Summary of IAS 39
ifrs.org LIEN MORT
text of standard
- ifrs.org (registration required)

iasb.org LIEN MORT - LINK DEAD

iasb.org LIEN MORT - LINK DEAD

Summary of the IAS39 by Deloitte {{International Financial Reporting Standards International Financial Reporting Standards Derivatives (finance) Credit risk