2012年ACCA考试《P2公司报告》讲义辅导36

2012年ACCA考试《P2公司报告》讲义辅导36

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An embedded derivative: is a derivative instrument that is combined with a non-derivative host contract to form a single hybrid instrument.
　　Examples of host contracts:
　　（a） A lease
　　（b） A debt or equity instrument
　　（c） An insurance contract
　　（d） A sale or purchase contract
　　（e） A construction contract
　　Accounting treatment of embedded derivatives
　　IAS39 requires that an embedded derivative be separated from its host contract and accounted for as a derivative when the following conditions are met.
　　（a） The economic characteristics and risks of the embedded derivative are not closely related to the economic characteristics and risks of the host contract.
　　（b） A separate instrument with the same terms as the embedded derivative would meet the definition of a derivative.
　　（c） The hybrid （combined） instrument is not measured at fair value with changes in fair value recognized in the profit or loss（a derivative embedded in a financial asset or financial liability need not be separated out if the entity holds the combined instrument at fair value through profit or loss）.
　　Note: IFRS9 changes the rules on embedded derivatives if they are financial assets.