IFRS 9 Financial Instruments is now complete
Following several years of development, the International Accounting Standards Board (IASB) has finished its project to replace IAS 39 Financial Instruments: Recognition and Measurement by publishing IFRS 9 Financial Instruments (2014).
This special edition of IFRS Newsletter takes you through the requirements of the new standard. It covers all of the individual chapters that make up the standard but focuses in particular on the chapters added in July 2014 dealing with:
• expected credit losses; and
• the revised classification and measurement requirements.