Industry insight for IFRS 9
IFRS 9: Financial Instruments
The International Accounting Standards Board (IASB) has published the final version of IFRS 9 'Financial Instruments' bringing together the classification and measurement, impairment and hedge accounting phases of the IASB's project to replace IAS 39 'Financial Instruments: Recognition and Measurement'.
This version adds a new expected loss impairment model and limited amendments to classification and measurement for financial assets. The Standard supersedes all previous versions of IFRS 9 and is effective for periods beginning on or after 1 January 2018.
To understand the key aspects of this standard, you can download the Deloitte Global May 28, 2014 issue of IFRS in Focus.
Deloitte Global has also issued a collection of IFRS Industry Insights publications highlighting the potential impact of the July 2014 standard on various industries reporting under IFRS.
To learn more, download the publication relevant to your organisation using the links below.