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IFRS9 Financial Instruments issued on July is the IASB's replacement of IAS Financial Instruments: Recognition and Measurement. The Standard includes requirements for recognition and measurement, impairment, derecognition and general hedge accounting. The IASB completed its project to replace IAS in phases, adding to the standard as it completed each phase.IFRS9 Financial Instruments issued on July is the IASB's replacement of IAS Financial Instruments: Recognition and Measurement. The Standard includes requirements for recognition and measurement, impairment, derecognition and general hedge accounting. The IASB completed its project to replace IAS in phases, adding to the standard as it completed each phase.IFRS9 Financial Instruments issued on July is the IASB's replacement of IAS Financial Instruments: Recognition and Measurement. The Standard includes requirements for recognition and measurement, impairment, derecognition and general hedge accounting. The IASB completed its project to replace IAS in phases, adding to the standard as it completed each phase.
The version of IFRS9 issued in supersedes all previous versions and is mandatorily effective for periods beginning on or after1 January with early adoption permitted (subject to local endorsement requirements). For a limited period, previous versions of IFRS9 may be adopted early if not already done so provided the relevant date of initial application is before1 February.
IFRS9 does not replace the requirements for portfolio fair value hedge accounting for interest rate risk (often referred to as the ‘macro hedge accounting’ requirements) since this phase of the project was separated from the IFRS9 project due to the longer term nature of the macro hedging project which is currently at the discussion paper phase of the due process. In April, the IASB published a Discussion Paper Accounting for Dynamic Risk management: a Portfolio Revaluation Approach to Macro Hedging. Consequently, the exception in IAS for a fair value hedge of an interest rate exposure of a portfolio of financial assets or financial liabilities continues to apply.
The version of IFRS9 issued in supersedes all previous versions and is mandatorily effective for periods beginning on or after1 January with early adoption permitted (subject to local endorsement requirements). For a limited period, previous versions of IFRS9 may be adopted early if not already done so provided the relevant date of initial application is before1 February.
IFRS9 does not replace the requirements for portfolio fair value hedge accounting for interest rate risk (often referred to as the ‘macro hedge accounting’ requirements) since this phase of the project was separated from the IFRS9 project due to the longer term nature of the macro hedging project which is currently at the discussion paper phase of the due process. In April, the IASB published a Discussion Paper Accounting for Dynamic Risk management: a Portfolio Revaluation Approach to Macro Hedging. Consequently, the exception in IAS for a fair value hedge of an interest rate exposure of a portfolio of financial assets or financial liabilities continues to apply.
The version of IFRS9 issued in supersedes all previous versions and is mandatorily effective for periods beginning on or after1 January with early adoption permitted (subject to local endorsement requirements). For a limited period, previous versions of IFRS9 may be adopted early if not already done so provided the relevant date of initial application is before1 February.
IFRS9 does not replace the requirements for portfolio fair value hedge accounting for interest rate risk (often referred to as the ‘macro hedge accounting’ requirements) since this phase of the project was separated from the IFRS9 project due to the longer term nature of the macro hedging project which is currently at the discussion paper phase of the due process. In April, the IASB published a Discussion Paper Accounting for Dynamic Risk management: a Portfolio Revaluation Approach to Macro Hedging. Consequently, the exception in IAS for a fair value hedge of an interest rate exposure of a portfolio of financial assets or financial liabilities continues to apply.
