Industry insight for IFRS 9

IFRS 9: Financial Instruments

The International Accounting Standards Board (IASB) published the final version of IFRS 9 'Financial Instruments' which brings 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.