Manual of accounting - Understanding financial instruments.

A guide to IAS 32, IAS 39 and IFRS 7

International Financial Reporting Standards (IFRSs) are being increasingly used throughout the world and more and more companies are grappling with the complicated area of financial instruments accounting.

The International Accounting Standards Board’s predecessor body, the International Accounting Standards Committee (IASC) issued IAS 32 Financial Instruments: Disclosure and Presentation in 1995 and IAS 39 Financial Instruments: Recognition and Measurement in 1999. Since then several amendments have been made to these standards and in August 2005 the IASB issued IFRS 7. All the previous disclosure requirements in IAS 32 are superseded by IFRS 7, which deals only with disclosure.

These standards comprise a very complex set of requirements – probably the most difficult that companies have had to face for a long time. They have not been short of controversy and have been a challenge for many companies to implement.

This second edition:

• is a practical and thorough publication, written in straight forward language, which will help you understand IAS 32, IAS 39 and IFRS 7.
• will guide the reader through many of the complex rules of IAS 39 such as embedded derivatives, derecognition and hedge accounting.
• supplements the application and implementation guidance in the standards with interpretation and analysis from PwC's experts.
• contains practical worked examples and extracts from company reports, which help to illustrate the explanations and show exactly how even the most complex calculations and disclosures should be made.
• has been updated with guidance for interpretation changes stemming from IFRIC agenda items on IAS 39.

Please note that much of the content of this book is duplicated in the financial instruments chapter of The IFRS Manual of accounting 2009.

Expert author team

Understanding financial instruments is written by Jyoti Ghosh, a senior member of PricewaterhouseCoopers' UK Accounting Consulting Services team. The book draws on the combined expertise and experience of our financial instruments specialists.

 Who should buy it?

The book will be of particular interest to finance directors, chief accountants and others involved in preparing company financial statements under IFRS and require a detailed knowledge of financial instruments. Users of IFRS statements such as analysts, academics and students will find it provides an invaluable and comprehensive guide to financial instruments.

Pricing and order details

The book is priced at £65 plus £19.00 postage and packaging (p&p). (£19.00 is a standard rate to cover p&p from the UK to any country. £6.50 p&p will be charged if you are based in the UK)

It can be ordered from our Publishers, Wolters Kluwer (quote the product code UP/UFI-BI7001).

Post: Robert Creffield, FREEPOST KT1332 (FOR UK ONLY), Wolters Kluwer (UK) Ltd, 145 London Road, Kingston upon Thames KT2 6BR, United Kingdom.

Phone: +44 (0) 844 561 8166

Email: ifrsbooks@cch.co.uk

Fax: +44 (0) 20 8 247 1159

Website: fill in the online order form at www.cch.co.uk/ifrs

Audit clients

PwC audit clients are entitled to purchase the book at the discounted rate of just £32.50 plus p&p. To order, please either:

• Call +44 (0) 207 213 3149 or e-mail PwCInform.Sysadmin@uk.pwc.com with your name, PwC contact, company name, invoice/delivery address and the quantity you wish to order; or
• Contact your engagement manager or partner.

PwC alumni

PwC alumni are entitled to purchase the book at the discounted rate of just £32.50 plus p&p.

To place your order, please call +44 (0) 207 213 3149 or e-mail PwCInform.Sysadmin@uk.pwc.com with your name, PwC contact, company name, invoice/delivery address and the quantity you wish to order.