New Irish GAAP 

Accounting for Financial Instruments

One of the biggest challenges for entities adopting FRS 102 for the first time is accounting for financial instruments. There are substantial changes, particularly for those entities transitioning from old Irish GAAP excluding FRS 26: Financial instruments: Recognition and measurement. 

Basic/non-basic’ classification of debt instruments under FRS 102

Assists entities adopting FRS 102 to appropriately classify basic/non-basic financial instruments and it also provides illustrative examples to assist these classifications.

Transition to FRS 102 for financial instruments

Illustrates the range of issues arising on transition that could impact even the simplest of entities with regards to financial instruments.


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