Global Standards for the world economy

Wednesday 19 December 2018

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IAS 32 Financial Instruments: Presentation: Classification of the liability for prepaid cards issued by a bank in the bank’s financial statements


 Issues rejected

IAS 32 Financial Instruments: Presentation: Classification of the liability for a prepaid card in the issuer’s financial statements

The Interpretations Committee received a request to clarify how an entity classifies the liability that arises when it issues a prepaid card in exchange for cash and how the entity accounts for any unspent balance on such a card.

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