Our Recommendations :-
Follow CA Final FB Page

Please provide summary on Ind AS 107 - Financial Instruments: Disclosures

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Prity asked about 3 years ago

Please provide summary on Ind AS 107 - Financial Instruments: Disclosures

    13       2 Answer Now Comment Report
3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 satbir answered over 2 years ago

IND As 107 is explained at www.TaxHeal.com http://taxheal.com/financial-instruments-ind-as-107.html

    0       0 Comment Report
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
Open uri20170510 32134 1ue0f38?1494421710 rohit agarwal answered about 3 years ago

Please provide summary on Ind AS 107 - Financial Instruments: Disclosures The objective of this Indian Accounting Standard (Ind AS) is to require entities to provide disclosures in their financial statements that enable users to evaluate: (a) the significance of financial instruments for the entity’s financial position and performance; and (b) the nature and extent of risks arising from financial instruments to which the entity is exposed during the period and at the end of the reporting period, and how the entity manages those risks. The principles in this Ind AS complement the principles for recognising, measuring and presenting financial assets and financial liabilities in Ind AS 32, Financial Instruments: Presentation, and Ind AS 109, Financial Instruments. This Ind AS applies to recognised and unrecognised financial instruments. Recognised financial instruments include financial assets and financial liabilities that are within the scope of Ind AS 109. Unrecognised financial instruments include some financial instruments that, although outside the scope of Ind AS 109, are within the scope of this Ind AS. This Ind AS applies to contracts to buy or sell a non-financial item that are within the scope of Ind AS 109.

    2       0 Comment Report
Data?1494421730 rohit awasthi answered about 3 years ago

Dear Friend > AS 107 - Financial Instruments: Disclosures It deals with disclosures. Ind AS 107 sets out disclosure requirements that are intended to enable users to evaluate the significance of financial instruments for an entity’s financial position and performance, and to understand the nature and extent of risks arising from those financial instruments to which the entity is exposed. All entities that have financial instruments are affected–even simple instruments such as borrowings, accounts payable and receivable, cash and investments. Disclosures are required to be made for the risks including credit risk, liquidity risk and market risk. Further, Ind AS 107 and Ind AS 113 require disclosure of a three-level hierarchy for fair value measurement as well as some specific quantitative disclosures for financial instruments at the lowest level in the hierarchy. The disclosure requirements apply to all entities and not just to banks and financial institutions. Thanks

    2       1 Comment Report
Get Notifications
Videos
Books
Notes
Loading
SIGN UP
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.