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requirements in IFRS 9 by permitting an exemption for when an entity repurchases its financial liability in specific circumstances. In October 2017 IFRS 9 was amended by Prepayment Features with Negative Compensation (Amendments to IFRS 9). The amendments specify that particular financial
The IASB published the fi nal version of IFRS 9 Financial Instruments in July 2014. This document provides a brief overview of IFRS 9, with an emphasis on the most recent additions and changes made in fi nalising the Standard.
Under IFRS 9 all financial instruments are initially measured at fair value plus or minus, in the case of a financial asset or financial liability not at fair value through profit or loss, transaction costs.
IFRS 9 introduces a single classification and measurement model for financial assets, dependent on both: The entity’s business model objective for managing financial assets. The contractual cash flow characteristics of financial assets.
This IFRS in Practice sets out practical guidance and examples about the application of key aspects of IFRS 9. Key differences between IFRS 9 and IAS 39 are summarised below: Classification and measurement of financial assets
IFRS 9 has three classification categories for debt instruments: amortised cost, fair value through other comprehensive income (‘FVOCI’) and fair value through profit or loss (‘FVPL’).
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.
