IFRS 7 Financial Instruments: Disclosures - A Closer Look

Muthupandian K S

MPRA Paper from University Library of Munich, Germany

Abstract: The International Accounting Standards Board issued the International Financial Reporting Standard 7, Financial Instruments: Disclosures. The objective of IFRS 7 is to provide more transparency to financial statement users on an entity’s exposure to risks and how those risks are managed. An entity must group its financial instruments into classes of similar instruments and, when disclosures are required, make disclosures by class. This article presents a closer look of the standard (objective, scope, and disclosures).

Keywords: International Financial Reporting Standard; Financial Instruments; Credit Risk; Liquidity Risk; Market Risk; IFRS 7; IASB (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2008-03-20
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Published in The Management Accountant 4.43(2008): pp. 228-231

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