An illustrative guide to Accounting Standard 30: Financial Instruments: Recognition and Measurements (AS 30)/Accounting Standard 31 : Financial Instruments : Presentation (AS 31)/Accounting Standard 32: Financial Instruments : Disclosures (AS 32)

• Each topic of the book starts with the basic understanding of the concept behind the topic and then guides the reader about the complex requirements of the Standard.  For understanding each of the complex requirements, effort has been made to include examples for each of them.
• In case of disclosure requirements of the Standard, relevant extract from Model Financial Statements has been depicted to demonstrate the users how to disclose the information in Financial Statements.
• IASB has recently taken several steps to simplify the requirements of the Standards on Financial Instruments (IAS 32, IAS 39 and IFRS 7), which would be adopted by the ICAI, in the process to converge with the IFRSs.  Such developments have been incorporated in the book at respective places.
• The book covers all the developments in respect of Standards on Financial Instruments by ICAI and IASB till 15th July 2009.

Mukesh Kumar Thakur is a member of the Institute of Chartered Accountants of India. He has been working as an auditor and as a consultant in the Indian Corporate Sector.