A quick overview of IFRS 9

Issued: in 2009; followed by amendments Effective date: 1 January 2018 IFRS 9 replaced IAS 39 Financial Instruments: Recognition and Measurement. What  IFRS 9 (International Financial Reporting Standards Nine) does It prescribes the rules for recognition, measurement (including impairment), derecognition of financial instruments and hedge accounting. It classifies financial assets into 2 categories: Financial assets …

A quick overview of IFRS 9 Read More »