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Accounting for physical settlement of commodity contracts

Accounting for physical settlement of commodity contracts

by pieter@pvdz.co.za | Apr 14, 2019 | Financial instruments

IFRS 9 Financial Instruments (‘IFRS 9’) governs the accounting treatment of financial instruments. This standard however also applies to certain commodity contracts, as discussed in more detail below. The IFRS Interpretations Committee finalised an agenda decision on...
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