Przekwalifikowanie instrumentów finansowych – sposób na poprawę ich wyceny w świetle Międzynarodowych Standardów Rachunkowości
THE RETRAINING OF THE DERIVATIVES – THE METHOD TO IMPROVE THE APPRAISAL OF THEM ACCORDING TO THE INTERNATIONAL ACCOUNTING STANDARDS

Summary/Abstract: The following paper presents the problem of financial results in reference to the reclassification of financial instruments, which is usually superseded by a change in the methods of estimating them. According to IAS, in the case of most financial instruments, the estimation of the fair value is claimed to be more accurate than in the adjusted price of the purchase. The instruments classified as positions maintained until the fixed maturity date constitute an exception, but only if the unit has a definite intention and ability to maintain such an investment until the day of the redemption. Change of the investor’s intentions obliges to reclassify these instruments into financial assets, taking the responsibility for the consequences of the operation. If the price of financial instruments is being changed on an active and regulated market, the reverse reclassification of financial instruments could also have an important influence on the situation. This is because the reclassification of instruments from the portfolio of instruments available for sale to the portfolio of instruments maintained until the fixed maturity date may result from a particular policy of the unit, and subsequently also methods of estimation and rules of calculation of the financial results. It is then an optional maneuver, which may be caused by a particular shift in the market demand (for instance decrease in the prices of financial instruments) and its influence on the management of assets and liabilities.

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