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IAS 39 Financial Instruments: Recognition and Measurement

When first applying IFRS 9 Financial Instruments, an entity may have chosen to continue to apply the hedge accounting requirements of IAS 39 Financial Instruments: Recognition and Measurement. IAS 39 requirements are otherwise withdrawn for periods starting on or after 1 January 2018 when IAS 39 was largely superseded by IFRS 9.

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IAS 39 provides guidance on hedge accounting, classifying hedging relationships as one of three types:

  • Fair value hedge
  • Cash flow hedge
  • Hedge of a net investment in a foreign operation.

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