Books of Account
Financial Instruments Standards: A Guide on IAS 32, IAS 39 and IFRS 7
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Guide to complexity
The recent noise about the risks of derivatives, the losses suffered by companies, and the urgent pronouncements by the Institute of Chartered Accountants of India (ICAI) on financial instruments and revenue recognition predictably triggered a panicky focus on the accounting of financial instruments.
During the 1990s the accounting standards did not keep pace with market derivatives activities, Pooja Gupta writes at the start of her book Financial Instruments Standards: A Guide on IAS 32, IAS 39 and IFRS 7.