PIR of IFRS 9, Classification and Measurement – International Accounting Standards Board

Date recorded:

At its meeting on September 20-22, 2022, the IASB met to continue analyzing feedback on the classification and measurement requirements in IFRS 9. The IASB considered six matters raised in the feedback about how entities would apply requirements not specifically covered in the RFI: (i) application of the derecognition requirements to financial assets; (ii) cash received via electronic transfer as settlement for a financial asset; (iii) contracts to buy or sell non-financial items; (iv) accounting for transaction costs on equity investments for which an entity has elected to present changes in fair value in other comprehensive income; (v) financial assets and financial liabilities held for trading; and (vi) purchased or originated credit-impaired financial assets. The IASB also considered feedback from the Accounting Standards Advisory Forum (ASAF) on two application questions about the requirements in IFRS 9 to assess the contractual cash flow characteristics of a financial asset.   At future meetings, the IASB will analyze feedback on the remaining topics being considered in this post-implementation review.

Review the IASB Update and podcast on the Board's Web site.

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