IFRS 7 Financial Instruments: Disclosures

 Financial Instruments Financial instrument A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. There are four reporting standards that deal with financial instruments: -IAS 32 financial instruments: presentation -IAS 39 financial instruments: recognition and measurement -IFRS 7 financial instruments: disclosure -IFRS 9 Financial