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chapters in IFRS 9 that replaced the corresponding requirements in IAS 39. In November 2009 the Board issued the chapters of IFRS 9 relating to the classification and measurement of financial assets.
Overview. IFRS 9 Financial Instruments issued on 24 July 2014 is the IASB's replacement of IAS 39 Financial Instruments: Recognition and Measurement.The Standard includes requirements for recognition and measurement, impairment, derecognition and general hedge accounting. The IASB completed its project to replace IAS 39 in phases, adding to the standard as it completed each phase.
IFRS 9 must be applied to contracts to buy or sell a non-financial item that can be settled net in cash or another financial instrument, or by exchanging financial instruments, as if those contracts were financial instruments, with one exception.
This Deloitte e-learning module provides training in the classification and measurement of financial assets and liabilities under IFRS 9 Financial Instruments.
IFRS 9 replaces the rules based model in IAS 39 with an approach which bases classification and measurement on the business model of an entity, and on the cash flows associated with each financial asset.
IFRS 9 now contains guidance for: recognising and derecognising financial instruments; classifying and measuring financial assets; and classifying and measuring financial liabilities. This ‘practical guide’ explains the requirements in IFRS 9 for accounting for financial assets and financial liabilities. The other phases of the
30 maj 2015 · IFRS 9 Financial Instruments introduces a new classification model for financial assets that is more principles-based than the requirements under IAS 39 Financial Instruments: Recognition and Measurement.
