BDO Issues New IFRS in Practice – IFRS 9 Financial Instruments

BDO is pleased to announce the publication of its latest IFRS in Practice – IFRS 9 Financial Instruments

This BDO IFRS in Practice publication sets out practical information and examples about the application of key aspects of IFRS 9. IFRS 9 (2014) has been developed by the International Accounting Standards Board (IASB) to replace IAS 39 Financial Instruments: Recognition and Measurement. The IASB completed IFRS 9 in July 2014, by publishing a final standard which incorporates the final requirements of all three phases of the financial instruments projects, being:

• Classification and Measurement,
• Impairment, and
• Hedge Accounting

The IASB’s project was initially carried out as a joint project with the US Financial Accounting Standards Board (FASB).  However, the FASB ultimately decided to make more limited changes to the classification and measurement of financial instruments, and to develop a more US specific impairment model for financial assets.

Please click here to access the new publication and the full library of BDO’s IFRS in Practice publications.