The development of the capital markets and their efficiency depend on the audience’s trust in the transparent accounting information which should be accompanied by an accurate judgment of the responsibilities, taking into account the financial scandals which have shaken many states of the world. In this respect, the trust of the financial statements’ users in the financial reporting and their auditing has been largely affected. Also, there is the danger either the financial statements drawn up after the national rules to be misunderstood by an investor or to do harm to a potential investor. In some special cases this is valid for the European – continental states, too, as they are under the national regulations and norms and most of them are not accepted at the international level. For this reason, it is desirable the drawing up of financial statements according to the international rules for those who want capital as well as for those who offer it. This paper shows the main rules of disclosure regarding financial instruments included in IFRS 7 Financial Instruments: Disclosures, applicable since 1st of January 2007, and the way to present in financial statements the risks of operations with financial instruments. Financial instruments include: Cash, accounts, notes and loans receivable and payable, investments in stocks, bonds and other securities, and derivatives such as options, right, warrants, futures contracts, forward contracts and swaps. The main users of financial instruments are investment banks who act on their account or on their client’s account, and big companies working at multinational level.