Fair value measurement of financial liabilities
Steve Collings offers a breakdown of the IASB's proposed changes to financial liabilities reporting.
The International Accounting Standards Board (IASB) has published proposed changes to the way financial liabilities are accounted for. These changes were as a result of investor feedback and the IASB’s work on financial assets, and followed on from IFRS 9: Financial Instruments, which was issued in November 2009 but applies only to financial assets.
The IASB’s ‘project objective’ is to:
Continued...
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