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IFRS Accounting Standards are developed by the International Accounting Standards Board (IASB). The IASB is an independent standard-setting body within the IFRS Foundation.
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Big changes ahead: Accounting for financial instruments
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Financial instruments come in all shapes and forms. Many such instruments are very simple, such as a loan provided by a bank. But they can also be hugely complex. This means that accounting for financial instruments can be a challenge. And even when the financial instrument is a simple loan, providing information about loan loss expectations in a useful way can be a difficult task.
Read the full article: 'Big changes ahead: accounting for financial instruments' by Sue Lloyd—Board member
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