IAS 39: Financial Instruments: Recognition and Measurement

A collection of resources on IAS 39 from the ICAEW Library & Information Service.

Full-text standard

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The standards provided through this website are the unaccompanied versions and do not include any additional content that accompanies the full IASs/IFRSs such as illustrative examples, implementation guidance and bases for conclusions.

eLibrary

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Reading List

Reading list of articles and books on IAS 39.

To find out about how you can access the material in this reading list please see our book loans and document supply (by post, fax and e-mail) pages.

Links

Press Releases and Summaries

IASB Summary (PDF 21kb/3 pages)

IAS Plus History & Summary of IAS 39 (Deloitte)

Publications

Financial instruments under IFRS - A guide through the maze
Guide published by PricewaterhouseCoopers in June 2009 which provides a broad overview of the current requirements of IAS 32, IAS 39 and IFRS 7.

IAS 39 - achieving hedge accounting in practice - publication (PDF: 176 pages) from PWC which takes a practical look at IAS 39 and summarises the requirements for companies to apply this standard with a useful set of FAQs. The publication also includes 'six detailed illustrations of how to apply hedge accounting to a range of common hedging strategies'. Published in December 2005.

Financial Guarantees – Amendments to IAS 39 and IFRS 4 September 2005 (PDF, 61kb) - publication from Ernst & Young published September 2005.

IFRS Briefing Sheet (Issue 37) and IFRS Briefing Sheet (Issue 15) - published by KPMG in June 2005. Discusses the International Accounting Standards Board’s publication of Amendment to IAS 39 Financial Instruments: Recognition and Measurement – The Fair Value Option, which was issued on 16 June 2005.

IAS 39 Hedging - Aligning Theory with Practice - publication (PDF: 47 pages) from PWC Hong Kong which highlights some of 'the complexities associated with hedge accounting' and the practices used to address these. Published in February 2005.

Foreign Currency Hedges and Hedges of Net Investments in Foreign Operations – In accordance with IAS 39–Financial Instruments: Recognition and Measurement (Ernst & Young) - - full text publication released by Ernst & Young in January 2005 (PDF: 52 pages, 251kb) through their IAS Tools and Resources website.

IFRS for Financial Instruments – Banana Skins - full text guide (PDF: 6 pages, 2.60MB) from Ernst & Young published in October 2004 through their IAS Tools and Resources website. The guide aims to identify some of the 'a number of problems frequently encountered on conversion to IFRS with respect to financial instruments.'

IASB IFRS 4 and IAS 39 – Insurance and Investment Contracts: Assessing the Implications of Phase 1 for Insurers (Ernst & Young) - full text publication released by Ernst & Young in July 2004 (PDF: 44 pages, 457KB) through their IAS Tools and Resources website.

Financial Instruments Accounting (KPMG) - full text guide (238 pages, PDF format) published by KPMG in March 2004 and made available through the website of the KPMG International Financial Reporting Group. An update was published as a print publication in February 2006.

Developments in IAS 32 and IAS 39 : Financial Instruments - sixth edition of the Ernst & Young newsletter 'Developments in IAS 32 and 39' published in March 2004. The issue includes 'discussions relating to financial instruments at the IASB meetings held in January and February 2004'. Other newsletters in the same series are available to download on the main Ernst & Young International Financial Reporting Standards Library page

IFRS Pocket Guide (PWC) - access point to the PricewaterhouseCoopers publication providing a summary of the recognition and measurement requirements of International Financial Reporting Standards published up to and including March 2004.

IAS 32 and IAS 39 Revised: An Overview - full text document (32 pages, PDF format) looking at the two revised standards published in February 2004 by Ernst & Young. The document includes two appendices covering change in estimation of the expected life of a bond recorded at amortised cost and accounting analysis of certain financing structures using SPEs.

IAS Plus Newsletter: IAS 32 and 39 - a special edition of Deloitte's IAS Plus newsletter published in January 2004 focusing on IAS 32 and 39 (PDF: 101KB, 12 pages).

Financial instruments under IFRS (PWC) - a 48 page guide (PDF format) to the revised IAS 32 and IAS 39 published by PWC in January 2004 which provides a broad overview of the requirements of the revised standards issued December 2003. An appendix compares the new requirements with those in the current versions of IAS 32 and IAS 39.

Financial Instruments: Applying IAS32 and IAS39 - full text publication (250 pages, PDF format) from Deloitte & Touche published online on October 1st 2002. The book includes a useful series of questions and answers, examples, US GAAP comparisons and comprehensive summaries of IAS 39 and its companion disclosure standard, IAS 32.

Basel Committee review of international accounting standards - report from the Basel Committee on Banking Supervision published in January 2000 reviewing International Accounting Standards of importance for banks, with a special focus on IAS 30 and IAS 39. The full text of the publication is available here in PDF format (39 pages).

Other Resources

Developments in IFRS for Financial Instruments - a bi-monthly publication from Ernst & Young International. An archive of previous editions of 'Developments in IFRS for Financial Instruments' is available through the IFRS Publications Library.

FAS 133 and IAS 39 Glossary and Transcriptions of Experts - independent resource developed by Bob Jensen of Trinity University, San Antonio, Texas.

IAS 32/39 Accounting for financial Instruments, IAS 32/39 Hedge Accounting and IAS 32/39 Derecognition of financial instruments - an interactive e-learning module from Deloitte. IFRS e-learning (Deloitte) present an impressive collection of interactive e-learning modules on International Financial Reporting Standards which they have made available free of charge in the public interest. The modules are easy to navigate and tackle the standards with practical scenarios and questions to test your knowledge. Each module is available to download as a zip file.

See Also

The Financial Reporting Faculty provides Faculty members with an IFRS Tracker and a range of IFRS Factsheets which provide further detail on this and other IFRSs.

Library & Information Service > Links > Sources for IASs & IFRSs > IAS 39

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