ACCOUNTING AND ASSESSMENT OF FINANCIAL INSTRUMENTS IN ACCORDANCE WITH THE IFRS REQUIREMENTS: RECOGNITION, CHARACTERISTICS AND HEDGING

Dynamic character of the international financial markets influenced the distribution and use of various financial instruments, from traditional primary financial instruments, such as stocks and bonds and to various forms of derivative financial instruments, such as interest swaps, futures, calls. Requirements of several International Financial Reporting Standards (IFRS) are applied to recognition and reflection of financial instruments in the account. The definitions, bases of assessment, accounting and hedging of financial instruments according to the provisions of the specified IFRS are considered in the article.