United States

In the Headlines: Financial Instruments – The Complete Standard

Jul 28, 2014
From the Financial Reporting Network and the IFRS Institute

In the Headlines 14-13 summarizes the IASB’s recent amendments to IFRS 9, Financial Instruments, which is the complete standard about accounting for financial instruments. The amended standard contains revised guidance about the classification and measurement of financial assets, including a new expected credit loss model for calculating impairment, and supplements the hedge accounting requirements that the IASB published in 2013. IFRS 9 is effective for an entity that applies IFRS for annual periods beginning on or after January 1, 2018, and will be applied retrospectively with some exemptions. Early application is permitted.

Read In the Headlines 14-13