The proposals provide additional disclosures on all investments in debt instruments, other than those classified in the fair value through profit or loss category.
The IASB consults on proposals to require entities to provide additional disclosures on all investments in debt instruments, other than those classified in the fair value through profit or loss category.
The proposals would require an entity to state in tabular form the fair value, amortised cost and amount at which the investments are actually carried in the financial statements. The amendments would also require an entity to also disclose the effect on profit or loss and equity if all debt instruments had been accounted for at fair value or at amortised cost
The IASB believes that the proposed disclosures would allow greater comparability between investments in debt instruments held with and by different entities, and so enhance investors’ confidence in the financial markets. The FASB is making similar disclosure proposals.
Deadline for comments is 15 January 2009.
Press release
© IASB - International Accounting Standards Board
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