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First Impressions: IFRS 9 Financial Instruments

Sep 15, 2014
From the Financial Reporting View and the IFRS Institute

KPMG ISG’s First Impressions: IFRS 9 Financial Instruments provides a detailed analysis of the ISG’s observations about the IASB’s recent amendments to IFRS 9, Financial Instruments: Recognition and Measurement, 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 KPMG ISG's First Impressions: IFRS 9 Financial Instruments