IFRS 7 International Financial Reporting Standard 7
Financial Instruments: Disclosures
This version includes amendments resulting from IFRSs issued up to 17 January 2008.
IAS 30 Disclosures in the Financial Statements of Banks and Similar Financial Institutions was issued by the International Accounting Standards Committee in August 1990.
In April 2001 the International Accounting Standards Board (IASB) resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn.
In August 2005 the IASB issued IFRS 7 Financial Instruments: Disclosures, which replaced IAS 30. IFRS 7 and its accompanying documents have been amended by the following IFRSs: •Amendments to IAS 39 and IFRS 4—Financial Guarantee Contracts (issued August 2005)•IAS1Prentation of Financial Statements (as revid in September 2007)
•IFRS3Business Combinations (as revid in January 2008).
The following Interpretation refers to IFRS 7:
•IFRIC12Service Concession Arrangements
(issued November 2006 and subquently amended).
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IFRS 7
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C ONTENTS
paragraphs
INTRODUCTION
IN1–IN8
INTERNATIONAL FINANCIAL REPORTING STANDARD 7FINANCIAL INSTRUMENTS: DISCLOSURES英汉互译在线
OBJECTIVE 1–2SCOPE
3–5CLASSES OF FINANCIAL INSTRUMENTS AND LEVEL OF DISCLOSURE 6SIGNIFICANCE OF FINANCIAL INSTRUMENTS FOR FINANCIAL POSITION AND PERFORMANCE
7–30Statement of financial position
造型师培训8–19
Categories of financial asts and financial liabilities
8Financial asts or financial liabilities at fair value through profit or loss 9–11Reclassification 12Derecognition 13Collateral
14–15
Allowance account for credit loss
16Compound financial instruments with multiple embedded derivatives 17Defaults and breaches
18–19
Statement of comprehensive income
prioriti20Items of income, expen, gains or loss 20Other disclosures
21–26
Accounting policies 21Hedge accounting 22–24Fair value
25–30NATURE AND EXTENT OF RISKS ARISING FROM FINANCIAL INSTRUMENTS 31–42
Qualitative disclosures 33Quantitative disclosures
34–42Credit risk
36–38
Financial asts that are either past due or impaired 37Collateral and other credit enhancements obtained 38Liquidity risk 39Market risk 40–42
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Sensitivity analysis
40Other market risk disclosures 42EFFECTIVE DATE AND TRANSITION 43–44B
WITHDRAWAL OF IAS 30
45
IFRS 7
APPENDICES
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A Defined terms
B Application guidance
C Amendments to other IFRSs
D Amendments to IFRS 7 if the Amendments to IAS39 Financial Instruments: Recognition
and Measurement—The Fair Value Option have not been applied稀疏
APPROVAL OF IFRS 7 BY THE BOARD
BASIS FOR CONCLUSIONS
APPENDIX
Amendments to Basis for Conclusions on other IFRSs
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IMPLEMENTATION GUIDANCE
APPENDIX
Amendments to guidance on other IFRSs
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IFRS 7
International Financial Reporting Standard 7 Financial Instruments: Disclosures (IFRS 7) is t out in paragraphs 1–45 and Appendices A–D. All the paragraphs have equal authority. Paragraphs in bold type state the main principles. Terms defined in Appendix A are in italics the first time they appear in
the Standard. Definitions of other terms are given in the Glossary for International Financial Reporting Standards. IFRS 7 should be read in the context of its objective and the Basis for Conclusions, the Preface to International Financial Reporting S tandards and the Framework for the Preparation and Prentation of Financial Statements. IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for lecting and applying accounting policies in the abnce of explicit guidance.
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IFRS 7 Introduction
Reasons for issuing the IFRS
IN1In recent years, the techniques ud by entities for measuring and managing exposure to risks arising from financial instruments have evolved and new risk management concepts and approaches have gained acceptance. In addition, many public and private ctor initiatives have propod improvements to the disclosure framework for risks arising from financial instruments.avoid用法
IN2The International Accounting Standards Board believes that urs of financial statements need in
formation about an entity’s exposure to risks and how tho risks are managed. Such information can influence a ur’s asssment of the financial position and financial performance of an entity or of the amount, timing and uncertainty of its future cash flows. Greater transparency regarding tho risks allows urs to make more informed judgements about risk and return.
IN3Conquently, the Board concluded that there was a need to revi and enhance the disclosures in IAS 30 Disclosures in the Financial Statements of Banks and Similar Financial Institutions and IAS 32 Financial Instruments: Disclosure and Prentation.
As part of this revision, the Board removed duplicative disclosures and simplified the disclosures about concentrations of risk, credit risk, liquidity risk and market risk in IAS 32.
Main features of the IFRS
IN4IFRS 7 applies to all risks arising from all financial instruments, except tho instruments listed in paragraph 3. The IFRS applies to all entities, including entities that have few financial instruments (eg a manufacturer who only financial instruments are accounts receivable and accounts payable) and tho that have many financial instruments (eg a financial institution most of who asts and liabilities are financial instruments). However, the extent of disclosure required depends on the exte
nt of the entity’s u of financial instruments and of its exposure to risk.
在线课堂教学IN5The IFRS requires disclosure of:
(a)the significance of financial instruments for an entity’s financial position
and performance. The disclosures incorporate many of the requirements
previously in IAS 32.
(b)qualitative and quantitative information about exposure to risks arising
from financial instruments, including specified minimum disclosures
about credit risk, liquidity risk and market risk. The qualitative disclosures
describe management’s objectives, policies and process for managing
morning是什么意思tho risks. The quantitative disclosures provide information about the
extent to which the entity is expod to risk, bad on information
provided internally to the entity’s key management personnel. Together,
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