IAS 32 is a companion to IAS 39 Financial Instruments: Recognition and Measurement and IFRS 9 Financial Instruments. prescribing strict conditions under which assets and liabilities may be offset in the balance sheet.prescribing the accounting for treasury shares (an entity's own repurchased shares).clarifying the classification of a financial instrument issued by an entity as a liability or as equity.IAS 32 addresses this in a number of ways: The stated objective of IAS 32 is to establish principles for presenting financial instruments as liabilities or equity and for offsetting financial assets and liabilities. Financial Instruments with Characteristics of Equity (Liabilities and Equity).IFRIC 2 Members' Shares in Co-operative Entities and Similar InstrumentsĪmendments under consideration by the IASB.

IAS 32 (2003) superseded SIC-17 Equity – Costs of an Equity Transaction.

IAS 32 (2003) superseded SIC-16 Share Capital – Reacquired Own Equity Instruments (Treasury Shares).

IAS 32 (2003) superseded SIC-5 Classification of Financial Instruments – Contingent Settlement Provisions.

Click for More InformationĮffective date of May 2012 amendments ( Annual Improvements 2009-2011 Cycle)Įffective date of December 2011 amendments Offsetting Financial Assets and Financial Liabilities (Amendments to IAS 32) issuedĪmendments resulting from Annual Improvements 2009-2011 Cycle (tax effect of equity distributions). IAS 32 amended for Puttable Instruments and Obligations Arising on LiquidationĮffective date of amendments for puttable instruments and obligations arising on liquidationĮxposure Draft Classification of Rights Issues proposing to amend IAS 32Īmendment to IAS 32 about Classification of Rights IssuesĮffective date of the October 2009 amendment

Title of IAS 32 changed to Financial Instruments: PresentationĮxposure Draft of proposed amendments relating to Puttable Instruments and Obligations Arising on Liquidation Revised version of IAS 32 issued by the IASBĭisclosure provisions of IAS 32 are replaced by IFRS 7 Financial Instruments: Disclosures effective 1 January 2007. IAS 32 was revised by IAS 39, effective 1 January 2001 The disclosure and presentation portion of E48 was adopted as IAS 32 Financial Instruments: Disclosure and Presentation IAS 39 - Financial Instruments: Recognition and MeasurementĮ40 was modified and re-exposed as Exposure Draft E48 Financial Instruments.IAS 37 - Provisions, Contingent Liabilities and Contingent Assets.IAS 35 - Discontinuing Operations (Superseded).IAS 32 - Financial Instruments: Presentation.IAS 30 - Disclosures in the Financial Statements of Banks and Similar Financial Institutions.IAS 29 - Financial Reporting in Hyperinflationary Economies.IAS 28 - Investments in Associates (2003).

IAS 28 - Investments in Associates and Joint Ventures (2011).IAS 27 - Consolidated and Separate Financial Statements (2008).IAS 27 - Separate Financial Statements (2011).IAS 26 - Accounting and Reporting by Retirement Benefit Plans.IAS 22 - Business Combinations (Superseded).IAS 21 - The Effects of Changes in Foreign Exchange Rates.IAS 20 - Accounting for Government Grants and Disclosure of Government Assistance.IAS 19 - Employee Benefits (1998) (superseded).IAS 15 - Information Reflecting the Effects of Changing Prices (Withdrawn).IAS 14 - Segment Reporting (Superseded).IAS 10 - Events After the Reporting Period.IAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors.IAS 1 - Presentation of Financial Statements.

Treasury stock transaction definition