Keyword: «financial instruments»

Each year, the Council on International Financial Reporting Standards (hereinafter – IFRS) takes on work to improve and update international financial reporting standards, taking into account the current economic situation and the requests of interested parties. New standards as well as amendments to existing documents are introduced for public discussion. The relevance of examination of changes in international financial reporting standards is associated with the adaptation of Russian companies joining the international market. The aim of this work is to examine the amendments that came into effect in January 2020. Based on the results of the study, the authors present a detailed analysis of the amendments introduced by the IFRS Council, affecting the financial instruments (IFRS 9, IAS 39, IFRS 7), accounting for employee benefits programs (IFRS 19), the procedure for providing additional information in reporting (the definition of significance has been adjusted).