Disclosure and presentation

Implementation Guidance 
This guidance accompanies, but is not part of, IPSAS 15. 
Requirements of IPSAS 15—Overview
IG1. 
All entities will need to review scope paragraphs 1–8 and consult the 
definition of a financial instrument and related commentary (paragraphs 9–
21) to determine when the Standard is applicable and whether they hold 
financial instruments. 
IG2. 
The relevant paragraphs in the Standard for entities with only financial 
assets are paragraphs 48–101 (Disclosure). 
IG3. 
The relevant paragraphs in the Standard for entities with only financial 
liabilities are paragraphs 22–28 and 36–38 (Presentation), and paragraphs 
48–72, 84–94 and 98–101 (Disclosure).
IG4. 
The relevant paragraphs in the Standard for entities with only equity 
instruments are paragraphs 22–28 and 36–38 (Presentation), and paragraphs 
50–62 and 98–101 (Disclosure). 
IG5. 
Where entities hold both financial assets and financial liabilities, additional 
relevant paragraphs are 39–47 (Presentation).
IG6. 
Where entities hold both financial liabilities and net assets/equity, 
additional relevant paragraphs are 29–35 (Presentation). 
IG7. 
Comparative information is required for all instruments (see IPSAS 1, 
Presentation of Financial Statements, paragraphs 60–63) except, if not 
available, during the year of first adoption (paragraph 102). 
Summary of Standard Applicability, Presentation and Disclosure Requirements
This section provides an overview of the requirements in respect of financial assets, 
financial liabilities and equity instruments. The following flowcharts identify key 
black letter paragraphs of the Standard. 
Scope
IG8. 
This Standard applies to public sector entities reporting under the accrual 
basis of accounting. Government Business Enterprises (GBEs) are excluded 
from the scope of these IPSASs (paragraph 2), however, the Preface to 
International Public Sector Accounting Standards explains that GBEs apply 
with IFRSs. This IPSAS also exempts financial instruments of the types 
identified in paragraph 4 of the Standard from having to comply with the 
disclosure and presentation rules set out within the Standard. Commentary 
on these excluded financial instruments can be found in paragraphs 5–8. 

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FINANCIAL INSTRUMENTS: DISCLOSURE AND PRESENTATION 
IPSAS 15 IMPLEMENTATION GUIDANCE 
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