United States

IFRS 9 <i>Financial Instruments</i> – An Overview Webcast

Wednesday October 15, 2014 2:00 PM - 3:00 PM EST
From IFRS Institute


Event Overview:

The final version of IFRS 9 Financial Instruments was released in July 2014, which means that implementation efforts are beginning in earnest. After long debate about this complex area, the new standard provides revised guidance on the classification and measurement of financial assets, including a new expected credit loss model for calculating impairment, and supplements the new general hedge accounting requirements published in 2013.

The new guidance will have a major effect on many companies - especially in the financial sector, as these organizations will need to assess possible impacts, develop a transition plan and timeline, understand resources required, and changes to systems & processes that will be needed.

During this 60 minute webcast professionals from KPMG's US DPP (Department of Professional Practice) and Accounting Advisory Services will provide an overview of the new standard, along with a more detailed look at the new classification and measurement guidance.