Borders with IAS 32 and IAS 7

Learning objectives

• Distinguish the offsetting criteria of IAS 32 from the offsetting disclosures of IFRS 7.L3, L4
• Explain how the disclosures about supplier finance arrangements are shared between IAS 7 and IFRS 7.L3

Normative references

The syntheses of the reference register are written in French: only the paragraph reference is shown here.

1 question

• Banque Orion holds derivatives with a counterparty under an enforceable master netting arrangement. It does not intend to settle net, so the IAS 32 offsetting criteria are not met and the amounts are not offset in the statement of financial position (case facts). Do these derivatives appear in the IFRS 7 offsetting disclosures?L3