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FRS 26: Financial instruments: Recognition and measurement

The accounting standard FRS 26 implements the recognition, measurement and hedge accounting requirements of International Accounting Standard 39. Find articles, books and online resources providing quick links to the standard, summaries, guidance and news of recent developments.

FRS 26 supersedes material in FRS 4: Capital Instruments on the measurement of debt and gains and losses on the repurchase of debt. The standard also supersedes UITF Abstract 11.

What's on this page?

  • Full-text standard
  • Summaries
  • ICAEW guidance and support
  • FRC news
  • Online articles
  • Articles and books from the Library

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Full-text standard

Financial Reporting Standard 26: Financial Instruments: Recognition and Measurement was issued by the Accounting Standards Board (ASB) in December 2004.

We can provide print and electronic copies of the original standard or a consolidated version with amendments, subject to licenses.

There is no free, online version of the standard available. However, logged-in ICAEW members and ACA students may view FRS 26 as first published by the ASB in December 2004.

Amendments

Improvements to Financial Reporting Standards 2009
Amendment issued by the ASB in December 2009.

Improvements to Financial Reporting Standards
Amendment issued by the ASB in December 2008.

Amendments to FRS 26 (IAS 39) Financial Instruments: Recognition and Measurement and FRS 29 (IFRS 7) Financial Instruments: Disclosures – Reclassification of Financial Assets (PDF 182.02kb/28 pages)
Amendment issued by the ASB in October 2008.

Amendment to FRS 26 (IAS 39) Financial Instruments: Recognition and Measurement: Eligible Hedged Items
Amendment issued by the ASB in November 2008.

Amendment to FRS 26 (IAS 39) Financial Instruments Measurement, Recognition and Derecognition
Amendment issued by the ASB in April 2006.

Amendment to FRS 26 (IAS 39) Financial Instruments: Measurement: Various Amendments
Amendment issued by the ASB in October 2005.

Summaries

Financial Instruments: Recognition and Measurement
Summary published by the Financial Reporting Council.

ICAEW guidance and support

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.

FRC news

ASB issues Improvements to Financial Reporting Standards 2009
Press notice issued by the ASB on 1 December 2009.

ASB to issue Amendment to FRS 26 and UITF Abstract 42
Press notice issued by the ASB on 15 January 2009.

ASB to issue clarification amendments to FRS 26 and FRS 29
Press notice issued by the ASB on 18 December 2008.

ASB issues Improvements to Financial Reporting Standards
Press notice issued by the ASB on 9 December 2008.

ASB issues Amendment on Financial Instruments: Eligible Hedged Items
Press notice issued by the ASB on 13 November 2008.

ASB issues Amendments to Permit Reclassification of Financial Instruments
Press notice issued by the ASB on 24 October 2008.

Online articles

The library provides access to a range of articles in full text from leading business, finance and management journals. Access to articles is provided subject to suppliers' terms of use.

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

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 supply service.

New UK GAAP

Financial instruments are covered by Section 11 and Section 12 of FRS 102.

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