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FRS 26: Financial instruments: Recognition and measurement

Find links to the accounting standard, technical summaries, useful guides and other resources on FRS 26 collated by ICAEW Library & Information Service.

The accounting standard FRS 26 implemented the recognition, measurement and hedge accounting requirements of International Accounting Standard 39. It was issued by the Accounting Standards Board (ASB) in December 2004 and subsequently amended in October 2005, April 2006, October, November, December 2008 and December 2009. FRS 26 superseded material in FRS 4: Capital Instruments on the measurement of debt and gains and losses on the repurchase of debt. The standard also superseded UITF Abstract 11.

This standard and all other old UK GAAP FRSs have been withdrawn for reporting periods starting on or after 1 January 2015. Topics within financial instruments are covered by Section 11 and Section 12 of FRS 102 under new UK GAAP.

How can I get a copy of this standard?

Consolidated standard

There is no free consolidated version of FRS 26 available online.

However, we can provide copies of the consolidated standard, which includes amendments, through the Library's premium databases by email. Contact us by phone on +44 (0)20 7920 8620, by fax on +44 (0)20 7920 8621 or by email at library@icaew.com for more information.

Unconsolidated standard and amendments as first issued

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.

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

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