AASB 7
Australian Accounting Standards Board
“AASB 7 Financial Instruments: Disclosure”
Reval allows clients to apply AASB 7 recognition and measurement standards, where and when appropriate, to their derivative instruments. Our approach to this hedge accounting standard allows Australian clients to:
- Disclose financial instruments affecting their financial position and performance.
- Disclose the market risks arising from those financial instruments and how those risks are identified and managed.
- Monitor exposure to any disclosed financial instruments at the reporting date.
- Comply with credit risk disclosures by capturing credit curves in order to value the financial instruments.
- Calculate liquidity resulting from analysing the undiscounted maturities of financial liabilities.
- Assess via stress testing impact on profit and loss and equity of changes in market risks.
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