The accounting standard IAS 39 sets out the principles for recognising and measuring financial assets, financial liabilities and some contracts to buy or sell non-financial items. On this page you can access a range of articles, books and online resources providing quick links to the standard, summaries, guidance and news of recent developments.
Full-text standard
The International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website; you will need to register to gain access.
These standards are the unaccompanied versions and do not include any additional content that accompanies the full IAS and IFRSs such as illustrative examples, implementation guidance and bases for conclusions.
Online articles
The library provides access to a range of articles in full text from leading business, finance and management journals.
You will need to be logged-in to the website to gain full access to the range of articles available online.
Useful links
ICAEW
Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.
Press releases
IASB addresses ‘counter-intuitive’ effects of fair value measurement of financial liabilities
Press release issued by the IASB on 11 May 2010 announcing the publication of its exposure draft Fair Value Option For Financial Liabilities.
Summaries
IAS 39 Financial Instruments: Recognition and Measurement (PDF 26.20kb/3 pages)
IASB technical summary, as issued at 1 January 2011.
Summaries of International Financial Reporting Standards: IAS 39 Financial Instruments: Recognition and Measurement
History and summary from Deloitte IAS Plus.
Financial instruments
Topic summary provided by PwC, giving latest developments and overview, a summary of the standard and links to relevant resources.
Guides and publications
What investment professionals say about financial instrument reporting
Survey of investors and analysts views on accounting and reporting for financial instruments, published by PwC in June 2010.
Financial instruments under IFRS: A guide through the maze
Guide published by PwC in June 2009 which provides a broad overview of the current requirements of IAS 32, IAS 39 and IFRS 7.
Financial Instruments Accounting (PDF 1.09mb/238 pages)
In-depth guide published by KPMG in March 2004.
Basel Committee review of international accounting standards
Report from the Basel Committee on Banking Supervision published in April 2000 reviewing International Accounting Standards of importance for banks, with a special focus on IAS 30 and IAS 39.
Other resources
IFRS e-learning
Interactive training modules from Deloitte with practical scenarios, worked examples and questions to test your knowledge. Each module is available to download as a zip file free of charge (registration is required).
FAS 133 and IAS 39 Glossary and Transcriptions of Experts
Independent resource developed by Bob Jensen of Trinity University, San Antonio, Texas.
Articles and books in the Library collection
To find out how you can borrow books from the Library please see our guide to book loans.
You can obtain copies of articles or extracts of books and reports by post, fax or email through our document delivery service.
Can't find what you're looking for?
If you have any difficulty in finding the material you are looking for please contact the enquiry team by phone on +44 (0)20 7920 8620, by fax on +44 (0)20 7920 8621 or by email at library@icaew.com.
The ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided 'as is' with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.