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Financial Instruments
 
what is the proposed treatment Embedded derivatives, if any, present in lease accounting? why financial instruments are comming in every IAS, IFRS? i think it is spreading more confusion
 
The IASB agreed that a lessee or lessor will be required to assess whether the lease contract contains embedded derivatives, which would need to be accounted for in accordance with IAS 39 „Financial instruments: Recognition and measurement‟.

you also asked that why financial instruments are comming every where, it is a long discussion. i think IASB dont know the ground realities that going from average to good is not much difficult, but going for perfectionism is impossible. IASB want to get perfect financial presentation, which is impossible, no mater how hard board is trying there will be loopholes which can be exploited. lets see who wins, but definatly students are loosing now
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