CA Sagar Maliwal’s Post

👉 Investments in equity instruments can be classified either at fair value through profit and loss (FVTPL) or fair value through other comprehensive income (FVTOCI). Classification at amortised cost (AC) is predominantly for debt instruments. ➡ Attached is an image of published FS of a listed entity (mcap of Rs. 1 lakh cr). The only reason for such a presentation could be to "match" financial instrument disclosure with corresponding notes to the account. ➡ An entity should avoid disclosing equity instruments under amortised cost category. Matching is not as important as fair presentation under applicable financial reporting framework. ➡ What I like in the FS of same entity is that they have separately presented 'investments in subsidiaries and joint venture (at cost)' from other investments. Again an example of fair presentation. Dis: Views are personal. Post is just an observation on published accounts of the entity. #financialreporting #indas #ifrs9 #indas109 #financialinstruments

There are less than two months to go until the comment deadline for the Exposure Draft—Financial Instruments with Characteristics of Equity. 📽️ Watch this webcast series where #IASB technical staff member Angie Ah Kun explains the IASB’s proposals to address three common practice issues in three bite-sized videos: https://lnkd.in/gHzzBjYj For more details, see Snapshot or Exposure Draft: https://lnkd.in/eitWmedv 📅 Deadline for comments is 29 March 2024. 👇 Here’s a preview clip of the first webcast. #IFRSAccounting #IFRS #financialinstruments #equityresearch #financialreporting #IAS32 #equityinstruments #IASBWebcast

I welcome the fact that the #IFRS Foundation always goes the extra mile, thinking about the real future of business and the needs of entrepreneurs. It is crucial that accountants understand and embrace these issues quickly, as the sustainable future of our beloved profession depends on it. #IFRSISSB #sustainabilty #cripto #ESGliabilities

IFRS 9 Proposed amendments

Find out what you need to know about proposed Canadian Standard on Related Services (#CSRS) 4250, Compilation Engagements on Future-oriented Financial Information and Pro Forma! Read our educational guide for more on how changes could impact you in your role: https://ow.ly/lYve50TXZag #AASB

The #IASB has issued narrow-scope amendments to classification and measurement requirements for financial instruments. These include: ▪️ Clarifying the classification of financial assets with environmental, social and corporate governance (ESG) and similar features; and ▪️ Settlement of liabilities through electronic payment systems. The amendments will address diversity in accounting practice by making the requirements more understandable and consistent. https://lnkd.in/g3KG6qvD #IFRSAccounting #IFRS9 #IFRS7

Financial Instruments play a crucial role in the financial world IAS 32 for the classification and presentation of financial instruments between liability and equity is pivotal. Case study: Khaled Co. issued 3 million preference shares at $2.5 each with no dividends payable. These shares are set to be redeemed in two years by issuing 3.75 million ordinary shares at a par value of $1.25. The question is: should this issuance be classified as a liability or equity? The issuance of preference shares (3m*$2.5=7m) by Khaled Co. will be settled by exchanging a fixed number of the company's ordinary shares 3.75m shares, indicating that this issuance is an equity instrument. This aligns with the fixed fixed test, showcasing the importance of correctly categorizing financial instruments. Understanding standards is essential for financial and accounting society. #FinancialInstruments #IFRS #IAS #SummeryofStandards

The hashtag #IASB has issued narrow-scope amendments to classification and measurement requirements for financial instruments. These include: ▪️ Clarifying the classification of financial assets with environmental, social and corporate governance (ESG) and similar features; and ▪️ Settlement of liabilities through electronic payment systems. The amendments will address diversity in accounting practice by making the requirements more understandable and consistent.

Ind AS 107 and 109 are essential standards that every financial professional should know. Ind AS 107 outlines the necessary disclosures required for financial instruments, while Ind AS 109 provides guidance on financial instrument recognition, derecognition, classification, measurement, impairment and hedge accounting. Familiarizing oneself with these standards is crucial in ensuring compliance and accuracy in financial reporting. Stay ahead of the game and keep your financial knowledge up-to-date by understanding Ind AS 107 and 109. #financialinstruments #IndAS107 #IndAS109 #financialreporting

⏳ The ELIS electronic annual financial report has not been published yet, but the electronic data is already available at Corporatings all the same! Timely access to financial statements is one of the major requirements of analysts. In a recent CFA Institute survey (link in the comments), 70% of them rate quick access as important or very important to their work. The technological improvements brought by the transition of financial reports to digital documents have made it possible to collect published information, unpack it into a database, and make it available to analysts all in a few minutes. However, the published documents contain information that is often somewhat stale, already made public weeks before in separate PDF documents. At Corporatings, we collect these reports, analyse their comparability to the previously published electronic financial statements and transform the contents into electronic data accordingly, making it available in our platform weeks before its publication. #ESEF #XBRL #IFRS