TPP21-10 Accounting for Financial Instruments

Presentation by agencies, including:

• general requirements for the classification, recognition and measurement of financial instruments in accordance with AASB 9 and AASB 132 (sections 2 to 6)
• restrictions on the use of the following categories of financial instruments:
  • fair value designation option (sections 3.4.3 and 4.1)
  • fair value through other comprehensive income of equity instruments designation option (section 3.3)
• guidance and requirements regarding accounting for:
  • impairment for expected losses (section 7)
  • hedge accounting (section 8).