IFRS in Focus — IASB issues revisions to IFRS 9 for financial liability accounting

Published on: 12 Nov 2010

On 28 October 2010, the IASB published a revised version of IFRS 9 Financial Instruments.

The revised Standard retains the requirements for classification and measurement of financial assets that were published in November 2009 but adds guidance on the classification and measurement of financial liabilities. As part of its restructuring of IFRS 9, the IASB also copied the guidance on derecognition of financial instruments and related implementation guidance from IAS 39 Financial Instruments: Recognition and Measurement to IFRS 9.


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