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BACK BY POPULAR DEMAND! Are you ready for FRS 139? KPMG FRS 139, Financial Instruments: Recognition and Measurement Stepsister Conversion Workshops 5 6 May 2009 (Run 8) 22 23 June 2009 (Run 9) The
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FRS 139 refers to the Financial Reporting Standard 139, which pertains to the recognition and measurement of financial instruments.
The entities required to file FRS 139 are typically companies that fall under the relevant financial reporting regulations and have financial instruments within their business operations.
Filling out FRS 139 involves following the guidelines provided in the standard, which includes categorizing and assessing financial instruments, recognizing and measuring their values, and disclosing relevant information in the financial statements.
The purpose of FRS 139 is to establish principles for recognizing and measuring financial instruments, as well as providing guidance on their presentation and disclosure in the financial statements.
FRS 139 requires the reporting of various information regarding financial instruments, such as their classification, fair values, impairment provisions, and any hedging arrangements.
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