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About PSAK 71 - Financial Instruments
The new standards for revenue and leases are not the only new standards to worry about for 2020—there is PSAK 71, Financial Instruments, to consider as well. Contrary to widespread belief, PSAK 71 affects more than just financial institutions. Any entity could incur significant changes to its financial reporting as the result of this standard, especially those with long-term loans, equity investments, or any non-vanilla financial assets. It might even be the case for those only holding short-term receivables. It all depends. This publication summarises the more significant changes that PSAK 71 introduces (other than hedging), explains the new requirements and provides our observations on their practical implications. If you have any questions, please do not hesitate to contact your engagement partner or other PwC contact.
Detailed Information
Author: | Assurance Team |
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Publication Year: | 2019 |
Language: | other |
File Size: | 0.4333 |
Format: | |
Price: | FREE |
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