ipsas 29—financial instruments: recognition and measurement - IFAC

FINANCIAL INSTRUMENTS: RECOGNITION AND MEASUREMENT
If the concessionary loan was granted with no conditions, the entity would recognize the
following on initial recognition:
Dr Bank CU6,000,000
Cr Loan CU4,215,450
Cr Non-exchange revenue CU1,784,550
IPSAS 26, “Impairment of Cash-Generating Assets”
Paragraph 2(c) is amended as follows:
(c) Financial assets that are within the scope of IPSAS 15, “Financial Instruments:
Disclosure and Presentation” IPSAS 29, “Financial Instruments: Recognition
and Measurement”;
Paragraph 9 is amended as follows:
9. This Standard does not apply to financial assets that are included in the scope of
IPSAS 15 IPSAS 28, “Financial Instruments: Presentation.” Impairment of
these assets will be dealt with in any IPSAS that the IPSASB develops to deal
with the recognition and measurement of financial instruments is dealt with in
IPSAS 29.
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IPSAS 29 APPENDIX D
PUBLIC SECTOR