IAS 39: Financial Instruments: Recognition and Measurement was an international accounting standard which outlined the requirements for the recognition and measurement of financial assets, financial liabilities, and some contracts to buy or sell non-financial items. It was released by the International Accounting Standards Board (IASB) in 2003, and was replaced in 2014 by

IFRS 9 IFRS 9 is an International Financial Reporting Standard (IFRS) published by the International Accounting Standards Board (IASB). It addresses the accounting for financial instruments. It contains three main topics: classification and measurement ...

, which became effective in 2018. It was adopted by the European Union in 2004. In 2005, the EU also introduced the fair value and hedging provision of the amended version of IAS 39. The EU version was changed at the end of 2008 in response to the financial crisis of 2008. The comparative accounting measures in the United States are

FAS 133 Launched prior to the millennium, (and subsequently amended) FAS 133 ''Accounting for Derivative Instruments and Hedging Activities'' provided an "integrated accounting framework for derivative instruments and hedging activities." FAS 133 Overvi ...

and FAS 157. The

Financial Accounting Standards Board The Financial Accounting Standards Board (FASB) is a private standard-setting body whose primary purpose is to establish and improve Generally Accepted Accounting Principles (GAAP) within the United States in the public's interest. The Securi ...

(FASB) released a 'FASB Staff Position' statement in October, 2008, in response to the financial crisis.

References

External links

Technical Summary of IAS 39
ifrs.org LIEN MORT
text of standard
- ifrs.org (registration required)

iasb.org LIEN MORT - LINK DEAD

iasb.org LIEN MORT - LINK DEAD

Summary of the IAS39 by Deloitte {{International Financial Reporting Standards International Financial Reporting Standards Derivatives (finance) Credit risk