Indian Accounting Standard (Ind AS) 107, Financial Instruments Disclosures, Important Material
Ind AS 107, Financial Instruments: Disclosures
The objective of this Indian Accounting Standard is to require entities to provide disclosures in their financial statements that enable users to evaluate:
(a) the significance of financial instruments for the entity’s financial position and performance; and
(b) the nature and extent of risks arising from financial instruments to which the entity is exposed during the period and at the end of the reporting period, and how the entity manages those risks.
The principles in this Indian Accounting Standard complement the principles for recognizing, measuring and presenting financial assets and financial liabilities in Ind AS 39 Financial Instruments: Recognition and Measurement and Ind AS 32 Financial Instruments: Presentation.