UITF abstract 42 (IFRIC interpretation 9)

Article Abstract:

The amended FRS 26 paragraph from IAS 39 details an embedded derivative as a component of a hybrid instrument that also includes a non-derivative host contract-with the effect that some of the cash flows of the combined instrument vary in a way similar to a standalone derivative. This also requires an entity, when it first becomes a party to a contract, to assess whether any embedded derivatives contained in the contract are required to be separated from the host contract and accounted for as derivatives under the Standard.

Capital funds & cash flow, Analysis, Accounting and auditing, Derivatives (Financial instruments), Accounting, International Accounting Standards Board, Accounting standards

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Are blankets assets?

Article Abstract:

A discussion on the Accounting Standards Board's (ASB) Interpretation for Public Benefit Entities that operates alongside the original Statement of Principles for Financial Reporting is presented.

Accounting Standards Board, Special-purpose entities

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