Classification and measurement
IFRS 9 requires financial assets to be measured at amortised cost or fair value. Fair value changes are in profit or loss or taken to OCI with no recycling. Fair value through OCI is a consequence of the business model for some assets but an irrevocable election at initial recognition for other assets. This may be the least complex area of the new standard but there will be significant impacts. Our specialists share their insights in our suite of publications, videos and tools.
Moving to an expected credit loss model is a major challenge, particularly for banks and other lendors. Our specialists share their insights and clarify the complicated requirements of this long anticipated area of IFRS 9. If you're looking for an overview or a deep dive on a technical issue, our suite of publications, videos and frequently asked questions should help you.
Hedge accounting under IFRS 9 is more attractive than under IAS 39. And it may be easier to comply with the requirements although 'easier' is a relative term. Hedge accounting is still optional but a wider range of instruments qualify as hedging instruments, effectiveness testing is simplified and more things can be hedged. Interested? Our specialists share their insights on how hedge accounting under IFRS 9 will work.