ICAEW.com works better with JavaScript enabled.

IFRS 7: Financial instruments: Disclosures

The accounting standard IFRS 7 requires entities to provide disclosures in their financial statements that enable users to evaluate the significance of financial instruments, the nature and extent of risks arising from them and how entities manage those risks. Find articles, books and online resources providing quick links to the standard, summaries, guidance and news of recent developments.

What's on this page?

  • Full-text standard
  • Summaries
  • Guidance and support from ICAEW
  • Example accounts
  • eBooks
  • Guides
  • Online articles
  • Articles and books from the Library

Contact the Library

Expert help for your enquiries and research.

E  library@icaew.com

T  +44 (0)20 7920 8620
F  +44 (0)20 7920 8621

Full-text standard

The IFRS Foundation and 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 IFRS such as illustrative examples, implementation guidance and bases for conclusions.


IFRS 7 – Financial Instruments: Disclosures
Timeline and summary from Deloitte IAS Plus, with information on related interpretations and amendments under consideration.

Topic summary provided by PwC, giving latest developments and overview, a summary of the standard and links to relevant resources.

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.

Example accounts

IFRS checklists and model financial statements
Online disclosure checklists, general IFRS illustrative statements and compliance questionnaires compiled by the ICAEW Library.

Best practice

Company Reporting
The ICAEW Library can provide extracts of reports to illustrate real-life best practice from CCH's Company Reporting tool. Extracts are searchable by industry sector, subject, company, auditor, listing status and year end date. The product also offers reports with summaries and commentary (with examples) on common practices and emerging issues, as well as an ongoing monitor of changing practices.

  • IFRS 7 'Financial instruments: disclosures' CR Extracts
  • Hedge Accounting under IFRS
  • Financial Risk Disclosures of Non Financial Companies under IFRS
  • Financial instruments offset disclosures: an emerging issue under IFRS
  • Eurozone: risk disclosures

Contact us on +44 (0)20 7920 8620, by web chat, or at library@icaew.com to get any documents from Company Reporting.

ICAEW and Financial Reporting Faculty members can also buy a personal discounted subscription to this product.


The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

IFRS 2017: Interpretation and application of IFRS standards
Erwin Bakker (2017)
This Wiley guide has been fully updated to help practitioners apply and comply with the latest international financial reporting standards. It provides detailed guidance along with illustrative examples. The chapter on financial instruments covers:

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

IASB news

IASB concludes the Annual Improvements to IFRSs 2012–2014 Cycle
Project update issued by the IASB on 25 September 2014 announcing amendments affecting IFRS 5, IFRS 7, IAS 19 and IAS 34.

IASB and FASB issue common offsetting disclosure requirements
Press release from the IASB published on 16 December 2011 announcing amendments to IFRS 7.

IASB finalises enhanced derecognition disclosure requirements for transfer transactions of financial assets
Press release from the IASB, issued on 7 October 2010, announcing amendments to the standard as part of its review of off balance sheet activities.

Guides and publications

Some guides and comparisons that we link to may pre-date the latest amendments to this standard. While these resources contain useful information, please treat them with appropriate caution.

In depth: IFRS 7 and IFRS 13 disclosures
Detailed guide from PwC examining disclosure requirements of IFRS 7 and IFRS 13 for investment funds, private equity funds, real estate funds and investment managers investing into financial instruments. Updated in May 2014.

A practical guide to new IFRSs for 2013
Guide published by PwC in March 2013 covering new standards and interpretations, including amendments to IFRS 7 on offsetting requirements and converged disclosures.

Offsetting of financial instruments
To the Point publication summarizing summarising and commenting on amendments to IAS 32 and IFRS 7, published in December 2011

New disclosures for derecognition of financial instruments
Supplement, published October 2010, to Ernst & Young's IFRS Outlook summarising changes to the standard.

Briefing sheet: issue 216 – Disclosures, Transfers of Financial Assets (Amendments to IFRS 7)
KPMG bulletin published in October 2010 summarising the amendments.

IASB enhances disclosures relating to transferred financial assets
‘Straight away’ IFRS bulletin published by PwC in October 2010.

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.

A practical guide to IFRS 7
Guide published by PwC in April 2010 for investment managers and investment, private equity and real estate funds with questions and answers and a checklist of required disclosures.

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.

Called to account: A survey of insurers' 2007 IFRS annual reports
Survey from PwC published in November 2008 that examines how insurers are applying the latest developments in IFRS, including IFRS 7.

First impressions of IFRS 7 in the non-financial sector
Report published by BDO Stoy Hayward in November 2008 examining trends in the level and type of disclosures during the standard's first mandatory reporting season. The survey undertaken by BDO looked at the financial instrument disclosures in financial statements of 25 listed groups in the FTSE 100-350 range.

International Financial Reporting Standard 7 and Pillar 3: Disclosure made clear
Practical guide published by BDO Stoy Hayward in December 2012.

Seeing risk from the inside: The impact of IFRS 7 and revised IFRS 4 on insurers' financial reporting
Paper from PwC, published in May 2007.

IFRS 7: Ready or not
A collection of PwC factsheets focusing on the key issues arising from IFRS 7.

Financial Instruments on Display – A Guide to IFRS 7 Financial Instruments: Disclosures
Practical guide from Grant Thornton published in February 2007, including illustrative disclosures and a checklist.

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.

Can't find what you are looking for?

If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at library@icaew.com.

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.