News wire article from our research archive:

Tuning up financial instruments.

Jul 31, 2003 (Australian CPA - ABIX via COMTEX)

The way in which Australians account for financial instruments will change when international accounting standards (IAS) are adopted. Changes to recognition and measurement will include categorisation of financial instruments into originated loans and receivables; held-to-maturity investments; and financial assets for trading. Categorising assets as this last category permits their recognition at fair trading value. Specific hedging requirements are also contained in the IAS. Some ...

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