| Description : |
The IASB has added to its active agenda a multi-phase project to improve the reporting requirements for financial instruments. One phase of the project deals with the classification and measurement of financial assets and financial liabilities.
This phase of the project proposes that financial instruments are classified into two measurement categories. Financial assets or financial liabilities would be measured at amortised cost if two conditions are met: (1) the instrument has basic features, and (2) the instrument is managed on a contractual yield basis. Financial assets and financial liabilities that do not meet both conditions would be measured at fair value.
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| Working groups : |
EFRAG Technical Expert Group (TEG) - Financial Instruments Working Group (FIWG) - |
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| Current Project Status : |
Draft Endorsement Advice
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| Input for Status : |
Draft Endorsement Advice
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Efrag Output
Comment Letters
Other Input
No 'Other Input'
News Items
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