ipsas 29—financial instruments: recognition and measurement - IFAC

FINANCIAL INSTRUMENTS: RECOGNITION AND MEASUREMENT
(c) Would have qualified for hedge accounting had it not been
denominated in the functional currency of the entity entering into it;
it may apply hedge accounting in the consolidated financial statements in
the period(s) before the date of first application of the last sentence of
paragraph 89 and paragraphs AG133 and AG134.
123. An entity need not apply paragraph AG134 to comparative information
relating to periods before the date of application of the last sentence of
paragraph 89 and paragraph AG133.
Effective Date
124. An entity shall apply this Standard for annual financial statements covering
periods beginning on or after January 1, 2013. Earlier application is
encouraged. If an entity applies this Standard for a period beginning before
January 1, 2013, it shall disclose that fact.
125. An entity shall not apply this Standard before January 1, 2013, unless it
also applies IPSAS 28 and IPSAS 30.
126. When an entity adopts the accrual basis of accounting as defined by IPSASs
for financial reporting purposes subsequent to this effective date, this Standard
applies to the entity’s annual financial statements covering periods beginning
on or after the date of adoption.
1067
IPSAS 29
PUBLIC SECTOR