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iGAAP Alert: November 2010

November 2010 Alert: IASB issues revisions to IFRS 9 for financial liability accounting

iGAAP Alert: November 2010



The initial IFRS 9 (issued in October 2009) addressed classification and measurement of financial assets only.

The revised IFRS 9 (issued in November 2010) incorporates requirements for derecognition of both financial assets and liabilities - copied from IAS 39, and classification and measurement of financial liabilities.

The requirements on classification and measurement are imported from IAS 39 with two exceptions:

  • fair value changes arising from the entity’s own credit risk are generally recognised in OCI; and
  • the cost exemption in IAS 39 for derivative liabilities to be settled by delivery of unquoted equity instruments is eliminated.


For more information, read our iGAAP Alert: November 2010.


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