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IFRS 9 Financial Instruments (Hedge Accounting and Amendments to IFRS 9, IFRS 7 and IAS 39) issued in November 2013 Prepayment Features with Negative Compensation (Amendments to IFRS 9)
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.
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 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
Our Standards are developed by our two standard-setting boards, the International Accounting Standards Board (IASB) and International Sustainability Standards Board (ISSB).
Edition 2020 The IAS / IFRS standards • 177 IFRS 9 Financial instruments 1. Objective The Standard establishes: • principles for classifying and measuring financial assets and liabilities; • principles for the derecognition of assets and liabilities; • a single impairment method for assessing financial assets.
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.
