IAS 32 establishes principles for the classification of financial instruments, from the perspective of the issuer, into financial assets, financial liabilities and equity instruments, and for offsetting financial assets and financial liabilities. Additionally, it deals with the classification of related interest, dividends, losses and gains (IAS 32.2). IAS 32 does not deal with recognition and measurement of financial assets/liabilities as these are dealt with in IFRS 9. Disclosure requirements are set out in IFRS 7.
All entities and all financial instruments are in the scope of IAS 32 with certain exceptions listed in paragraph IAS 32.4.
See other pages relating to financial instruments:
Scope of IAS 32
Financial Instruments: Definitions
Derivatives and Embedded Derivatives: Definitions and Characteristics
Classification of Financial Assets and Financial Liabilities
Measurement of Financial Instruments
Amortised Cost and Effective Interest Rate
Impairment of Financial Assets
Derecognition of Financial Assets
Derecognition of Financial Liabilities
Interest-free loans or loans at below-market interest rate
Offsetting of Financial Instruments
Financial Liabilities vs Equity
IFRS 7 Financial Instruments: Disclosures