Document ID: chunk:federal_register_of_legislation:F2024C00047:reg:44jj:p2
Version: federal_register_of_legislation:F2024C00047
Segment Type: reg
Provision Reference: reg 44JJ (pt 2/23)
Character Range: 91974–94896

The following terms are defined in paragraph 11 of AASB 132, paragraph 9 of AASB 139, Appendix A of AASB 9 or Appendix A of AASB 13 and are used in this Standard with the meaning specified in AASB 132, AASB 139, AASB 9 and AASB 13.
• amortised cost of a financial asset or financial liability
• contract asset
• credit-impaired financial assets
• derecognition
• derivative
• dividends
• effective interest method
• equity instrument
• expected credit losses
• fair value
• financial asset
• financial guarantee contract
• financial instrument
• financial liability
• financial liability at fair value through profit or loss
• forecast transaction
• gross carrying amount of a financial asset
• hedging instrument
• held for trading
• impairment gains or losses
• loss allowance
• past due
• purchased or originated credit-impaired financial assets
• reclassification date
• regular way purchase or sale.

Appendix B
Application guidance
This appendix is an integral part of the Standard.

Classes of financial instruments and level of disclosure (paragraph 6)
B1 Paragraph 6 requires an entity to group financial instruments into classes that are appropriate to the nature of the information disclosed and that take into account the characteristics of those financial instruments. The classes described in paragraph 6 are determined by the entity and are, thus, distinct from the categories of financial instruments specified in AASB 9 (which determine how financial instruments are measured and where changes in fair value are recognised).
B2 In determining classes of financial instrument, an entity shall, at a minimum:
(a) distinguish instruments measured at amortised cost from those measured at fair value.
(b) treat as a separate class or classes those financial instruments outside the scope of this Standard.
B3 An entity decides, in the light of its circumstances, how much detail it provides to satisfy the requirements of this Standard, how much emphasis it places on different aspects of the requirements and how it aggregates information to display the overall picture without combining information with different characteristics. It is necessary to strike a balance between overburdening financial statements with excessive detail that may not assist users of financial statements and obscuring important information as a result of too much aggregation. For example, an entity shall not obscure important information by including it among a large amount of insignificant detail. Similarly, an entity shall not disclose information that is so aggregated that it obscures important differences between individual transactions or associated risks.
B4 [Deleted]

Other disclosure – accounting policies (paragraph 21)
B5 Paragraph 21 requires disclosure of material accounting policy information, which is expected to include information about the measurement basis (or bases) for financial instruments used in