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Classification and measurement 

The IASB issued IFRS 9 (2009) and IFRS 9 (2010), which contain the requirements for the classification and measurement of financial assets and financial liabilities.

On 28 November 2012, the IASB issued an exposure draft (ED) that proposes limited amendments to IFRS 9 (2010) Financial Instruments on the classification and measurement of financial assets and financial liabilities. The ED introduces:

  • a new fair value through other comprehensive income (FVOCI) measurement category for financial assets;
  • a new business model, along with new application guidance on applying the business model concept;
  • a ‘modified economic relationship’ test for assets where the economic relationship between principal and interest is subject to change; and
  • permission to early apply only the own credit requirements for financial liabilities measured under the fair value option, without having to early apply IFRS 9 in its entirety.

 

Those standards have an effective date of 1 January 2015. 

 

 

Timeline

 

 

IFRS insights       

  • First Impressions: Additions to IFRS 9 Financial Instruments  
    This edition of First Impressions considers the requirements of a new edition of IFRS 9 Financial Instruments issued in October 2010. 
  • First Impressions: IFRS 9 Financial Instruments             
    This edition of First Impressions considers the requirements of the new standard IFRS 9 Financial Instruments issued in November 2009.

Contacts

Aura Giurcaneanu

Aura Giurcaneanu

Partner, Head of Audit and Assurance

+40 (744) 655 847

Angela Manolache

Angela Manolache

Advisory, Director

+40 (372) 377 800

Related links

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