| February 6th, 2018 02:16 PM | |
| Vishal Kotkar | Re: uk gaap ias 39 As you Asking for the Information About the UK Accounting Standards Board and Financial Reporting Council IAS 39 Standards the Information is given below FRS 26(IAS 39) FRS 26 applied to accounting periods commencing on or after 1 January 2005 for all listed entities following UK standards, and to those commencing on or after 1 January 2006 for unlisted entities whose financial statements were prepared in accordance with the fair value accounting rules set out in the Companies Act. FRS 26 requires: all derivatives and all financial assets and financial liabilities that are held for trading to be recognised and measured at fair value. All changes in those fair values to be recognised immediately in the profit and loss account (P&L); all loans and receivables held as assets and all financial assets that are being held to maturity to be initially recognised at fair value but subsequently measured at cost-based amounts; all other financial assets ('available-for-sale financial assets') to be recognised and measured at fair value with gains and losses recognised immediately in the statement of total recognised gains and losses (STRGL); and all other financial liabilities to be recognised at fair value but subsequently measured at cost-based amount In October 2005 the ASB issued an amendment to FRS 26 which has the effect of implementing in full into FRS 26 the following amendments to IAS 39, by the IASB: transition and initial recognition of financial assets and financial liabilities; cashflow hedge accounting of forecast intragroup transactions; the fair value option; and financial guarantee contracts and credit insurance. Further details are set out in: Financial Instruments - long term project. Contact Details UK Accounting Standards Board and Financial Reporting 8th Floor, 125 London Wall, London, EC2Y 5AS +44 (0)20 7492 2300 |
| February 6th, 2018 02:16 PM | |
| Unregistered | Re: uk gaap ias 39 Hii sir, I Wants to get the UK Accounting Standards Board and Financial Reporting Council IAS 39 Standards ? |
| June 19th, 2016 12:06 PM | |
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