Following the introduction of Legislative Decree n. 139/2015, the framework of the financial statements drown up according to the requirements set forth by the Civil Code has been significantly modified.
The entire set of domestic accounting standards has therefore undergone a deep review and revision in order to comply with new legislative requirements.
The OIC (Italian standard setter) has published the draft version of a new standard dedicated to derivatives financial instruments.Roblox HackBigo Live Beans HackYUGIOH DUEL LINKS HACKPokemon Duel HackRoblox HackPixel Gun 3d HackGrowtopia HackClash Royale Hackmy cafe recipes stories hackMobile Legends HackMobile Strike Hack
Document attached:
OIC-XX-Strumenti-finanziari-derivati-Bozza-per-la-consultazione
The new accounting standard clearily takes after the international discipline provided by IAS/IFRS guidelines. The legislator has imposed the new accounting standard treatment on derivatives financial instruments to all entities except those classified as micro (according to Directive 2013/34/EU). Hard to understand how all those entities falling under the category of small enterprises will be able to deal with the obligation set forth by the new requirements, which imply initial and subsequent evaluation only based on fair value.