IAS 39/AASB 139: Financial Instruments - A Chief Financial Officer's guide to avoiding the traps
Grant Thornton is pleased to announce the publication of Financial Instruments - A Chief Financial Officer's guide to avoiding the traps (the Guide). The guide is intended for Chief Financial Officers (CFOs) of businesses that prepare financial statements under IFRS.
It summarises the impact of IAS 39 (rebadged as AASB 139 in Australia) Financial Instruments: Recognition and Measurement together with relevant parts of IAS 32 (AASB 32) Financial Instruments: Presentation, and illustrates the main challenges that businesses typically encounter in order to help CFOs to prioritise and identify key issues. The guide will help a CFO to understand potential problem areas in order to know when to consult further.