The Impact of Financial Instruments on the Financial Statements in light of the Application of the Financial Reporting Standard


  • Mohammed Ali Hazan Al-Muthanna University, Iraq



financial, instruments, reporting standard


The researcher believes that the financial statements must include all additional disclosures if this leads to increased clarity of the financial instruments to the users of the financial statements. It may be desirable to disclose some information, as a gain or loss resulting from remeasuring the financial instruments for the purposes of Sale at fair value (except for assets related to hedging) through a statement of changes in equity, the amount that was recognized in equity during the current period and the amount that was excluded from equity and reported in the net profit or loss for the period must be disclosed, and the Assessing assets available for sale or for trading purposes that are reliably valued at fair value, disclosing the amortized cost for assets held to maturity, and explaining the reasons why it is not possible to measure fair value reliably. As well as disclosing the selling value of assets that were sold and whose fair value could not previously be measured reliably, disclosing the amount of the recognized gain or loss, and disclosing the reasons for reclassifying a financial asset as being valued at amortized cost and not at fair value.


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How to Cite

Hazan, M. A. (2024). The Impact of Financial Instruments on the Financial Statements in light of the Application of the Financial Reporting Standard. American Journal of Economics and Business Management, 7(3), 54–63.