The New Financial Instruments Standard

Last Updated Monday, January 15, 2018 7:31:22 AM

 
Financial Reporting
 
The New Financial Instruments Standard

 The New Financial Instruments 
 Standard
 (IFRS 9 – Financial Instruments)

In July 2014, the International Accounting Standards Board (IASB) issued IFRS 9. The new financial instruments impairment requirements provide users with useful information about an entity’s expected credit losses on financial instruments. These new requirements incorporate the classification and measurement requirements, the impairment requirements and the general hedge accounting requirements. IFRS 9 will replace IAS 39 – Financial Instruments: Recognition and Measurement and all previous versions of IFRS 9. IFRS 9 – Financial Instruments is effective for annual periods beginning on or after 1 January 2018. Entities are permitted to early adopt the standard.

Access IFRS 9 from eIFRS

Latest Developments

OCTOBER 2017

SEPTEMBER 2017

May 2017

August 2016

February 2016

December 2015

October 2015

  • IFRS 9 is addressed at the 2015 SAICA Accounting Update seminar. Look out for the podcast on the 2015 SAICA Accounting Update Seminar.

August 2014

May 2015

April 2015

July 2014

Also access the IASB website for the latest news on IFR S 9

Articles

SAICA seminars and events on IFRS 9

2015

  • Introductory video
  • Accounting Update – October and November 2015
  • Webcast – November 2015. Podcast to be made available in 2016.

2014

  • SAICA and IFRS Foundation Conference – August 2015
  • Accounting Update – October and November 2014

SAICA Circulars and Guides

Exposure Drafts and SAICA submission on IFRS 9

Access the following proposed pronouncement on IFRS 9 and SAICA submission from here

 

  • ED 328 – Financial Instruments: Expected Credit Losses
  • ED 368 – Applying IFRS 9 – Financial Instruments with IFRS 4 – Insurance Contracts: Proposed Amendments to IFRS 4
  • ED 377 – Prepayment Features with Negative Compensation: Proposed Amendments to IFRS 9

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