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IFRS 9 resources

Related Publications

A Closer Look — Impact of transition from IAS 39 to IFRS 9 on the exchange of modification of financial liabilities

22 Nov 2017

The accounting for certain modifications and exchanges of financial liabilities measured at amortised cost (e.g. bank loans and issued bonds) will change on transition from IAS 39 Financial Instruments: Recognition and Measurement to IFRS 9 Financial Instruments. This change arises from a clarification by the IASB in the Basis for Conclusions of the amendments to IFRS 9 Prepayment Features with Negative Compensation issued on 12 October 2017. The IFRS 9 accounting treatment is applicable from 1 January 2018 (the effective date of IFRS 9, or earlier if IFRS 9 is adopted early) and will need to be applied retrospectively to all affected financial liabilities that continue to be recognised on transition from IAS 39. This will result in a transition adjustment and a change to the effective interest rate for the financial liabilities affected.

Need to know — IASB issues 'Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28)'

19 Oct 2017

This newsletter discusses the IASB's amendments to IAS 28 relating to long-term interests in associates and joint ventures.

Need to know — IASB issues 'Prepayment Features with Negative Compensation (Amendments to IFRS 9)'

19 Oct 2017

This newsletter discusses the IASB's amendments to IFRS 9 related to prepayment features with negative compensation.

International GAAP Bank Limited — Illustrative disclosures under IFRS 7 as amended by IFRS 9

26 Sep 2017

Deloitte's Global IFRS Office has released International GAAP Bank Limited — Illustrative disclosures under IFRS 7 as amended by IFRS 9.

The auditor’s response to the risks of material misstatement posed by estimates of expected credit losses under IFRS 9

28 Jul 2017

The Global Public Policy Committee (GPPC) have issued a paper to promote high quality audits of the accounting for expected credit losses by globally systemically important banks.

Press release accompanying 'The auditor’s response to the risks of material misstatement posed by estimates of expected credit losses under IFRS 9'

28 Jul 2017

On 28 July 2017, the Global Public Policy Committee (GPPC) have issued a paper titled 'The auditor’s response to the risks of material misstatement posed by estimates of expected credit losses under IFRS 9'.

2017 Update on Half Yearly Financial Reporting

03 Jul 2017

The 2017 edition of our popular guide to half-yearly financial reporting has now been published on UK Accounting Plus. The publication contains the a regulatory overview, setting out the requirements for half-yearly financial reports and changes for preparers to contend with in 2017, including the European Securities and Markets Authority (ESMA) public statements on issues for consideration in implementing IFRS 15 and IFRS 9; a model half-yearly financial report, including illustrative IAS 34 condensed financial statements; and a disclosure checklist.

Need to know — IASB proposes to amend IFRS 9 in relation to prepayment features with negative compensation

25 Apr 2017

This newsletter outlines the proposals set out in the recent exposure draft ED/2017/3 Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9) which was published by the IASB in April 2017 for public comment.

Need to know — FRC consults on changes to FRS 102 to reflect recent changes in IFRSs

10 Oct 2016

The FRC has published a Consultation Document Triennial review of UK and Ireland accounting standards – Approach to changes in IFRS. This forms part of the first triennial review of FRS 102 and sets the direction of travel for UK GAAP. Areas under discussion within this Consultation include revenue recognition, leases and impairment model for financial assets. This Need to know discusses this Consultation.

Need to Know — IFRS 9: Financial Instruments — high level summary

21 Apr 2016

This newsletter provides a high level summary of IFRS 9 'Financial Instruments', focusing on the areas which are different from IAS 39 'Financial Instruments: Recognition and Measurement'.

Need to know — IASB proposes amendments to IFRS 4 to address concerns about the different effective dates of IFRS 9 and the new insurance contracts Standard that will replace IFRS 4

07 Jan 2016

This newsletter outlines the proposed amendments to IFRS 4, Insurance Contracts set out in ED/2015/11, Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (the 'exposure draft'), which was issued in December 2015 for public comment.

Need to know — Meeting of the IFRS Transition Resource Group for Impairment of Financial Instruments

07 Jan 2016

This newsletter summarises the meeting of the IFRS Transition Resource Group for Impairment of Financial Instruments, which took place on 11 December 2015.

Need to know — Meeting of IFRS Transition Resource Group for Impairment of Financial Instruments

22 Sep 2015

This edition summarises the September 2015 meeting of the IFRS Transition Resource Group for Impairment of Financial Instruments.

A closer look — 'Basic/non basic' classification of debt instruments under FRS102

05 Feb 2015

This publication from Deloitte discusses the 'Basic/non-basic' classification of debt instruments under Financial Reporting Standard (FRS) 102.

Point of view: Non-financial corporates — New financial instrument standard changes financial asset classification and bad debt provisioning

08 Sep 2014

This publication highlights issues from the recently-issued final version of IFRS 9 Financial Instruments that will be of interest to those in the non-financial corporate sector.

Point of view: Banking and securities sector — Banks required to adopt new expected loss model and changes to financial asset classification

08 Sep 2014

This publication highlights issues from the recently-issued final version of IFRS 9 Financial Instruments that will be of interest to those in the banking and securities sector.

Need to know — IASB finalises IFRS 9 which changes the classification and measurement of financial assets and introduces an expected loss impairment model

31 Jul 2014

This newsletter discusses the IASB's final Standard, IFRS 9 "Financial Instruments". It includes (1) background and effective date information; (2) the amendments to the classification and measurement model for financial assets; (3) a summary of classification and measurement model for financial assets; and (4) the expected loss impairment model.

Need to know — FRC publishes final amendments to the financial instruments requirements of FRS 102

29 Jul 2014

This publication from Deloitte discusses the amendments to FRS 102 published by the Financial Reporting Council (FRC) following consultation on the proposals set out in both Financial Reporting Exposure Draft (FRED) 51 Draft amendments to FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland: Hedge Accounting and FRED 54 Draft amendments to FRS 102 – Basic financial instruments.

Need to know — IASB issues macro hedging discussion paper

23 Apr 2014

This newsletter summarises the IASB's April 2014 discussion paper Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging.

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