IAS 39 revisions

The International Accounting Standards Committee (IASC) has published limited revisions to IAS 39, Financial Instruments Recognition and Measurement. This has also necessitated changes to IAS 27, Consolidated Financial Statements and Accounting for Investments in Subsidiaries; IAS 28, Accounting for Investments in Associates; IAS 31, Financial Reporting of Interests in Joint Ventures, and IAS 32, Financial Instruments: Disclosure and Presentation. The changes cover technical application issues and are not substantive.