IAS 39—What Is Fair, What Is Value? PoorSatisfactoryGoodVery GoodExcellent Be the first. (0 ratings) Log in to rate this article. CFA Institute Conference Proceedings Quarterly April 2005 | Vol. 2005 | No. 3 | 14, 28 pages Source: CFA InstituteKarl Debenham Read Abstract The introduction of International Accounting Standard 39 Financial Instruments: Recognition and Measurement is arguably the most controversial change under International Financial Reporting Standards because of the subject matter it addresses and the uneven way it affects different sectors. Key changes include a new taxonomy and treatment for financial assets and liabilities as well as several changes to hedge accounting. Although many of these individual changes are certainly justified, they sometimes create new or additional problems. View more information Topics Financial Statement Analysis : Accounting and Auditing Standards Development | Leadership, Management, and Communication Skills : Investment Industry Credits · About the CE Program 0.5 CE (including 0 SER) Record credits Credits recorded Members, log in to record your credits. Manage CE Credits Loading ...