IFRS 9 Financial Instruments
E454594
IFRS 9 Financial Instruments is an international accounting standard that sets out principles for the classification, measurement, impairment, and hedge accounting of financial instruments.
Statements (54)
| Predicate | Object |
|---|---|
| instanceOf |
Accounting standard
ⓘ
International Financial Reporting Standard ⓘ |
| abbreviation |
ECL
ⓘ
FVOCI ⓘ FVTPL ⓘ |
| allows |
Hedge accounting for groups of items
ⓘ
Hedge accounting for risk components ⓘ |
| appliesTo | Entities preparing financial statements under IFRS ⓘ |
| classificationCategory |
Amortised cost
ⓘ
Fair value through other comprehensive income ⓘ Fair value through profit or loss ⓘ |
| containsSection |
Classification and measurement
ⓘ
Derecognition ⓘ Hedge accounting ⓘ Impairment ⓘ |
| developedBy | International Accounting Standards Board NERFINISHED ⓘ |
| earlyApplicationPermitted | true ⓘ |
| effectiveDate | 1 January 2018 ⓘ |
| framework | IFRS framework NERFINISHED ⓘ |
| fullName | International Financial Reporting Standard 9 Financial Instruments NERFINISHED ⓘ |
| governs |
Classification of financial assets
ⓘ
Classification of financial liabilities ⓘ Derecognition of financial instruments ⓘ Hedge accounting ⓘ Impairment of financial assets ⓘ Measurement of financial instruments ⓘ |
| hedgeAccountingModel | Principles-based ⓘ |
| impairmentApproach | Forward-looking ⓘ |
| impairmentModel | Expected credit loss ⓘ |
| introducesModel | Expected credit loss model ⓘ |
| issuedBy |
IASB
NERFINISHED
ⓘ
International Accounting Standards Board NERFINISHED ⓘ |
| jurisdiction | International ⓘ |
| mandatoryEffectiveDate | 1 January 2018 ⓘ |
| measurementBasis |
Amortised cost
ⓘ
Fair value ⓘ |
| objective |
Improve usefulness of information about amounts, timing and uncertainty of future cash flows
ⓘ
Provide principles for financial reporting of financial assets and financial liabilities ⓘ |
| relatedTo |
IAS 32 Financial Instruments: Presentation
NERFINISHED
ⓘ
IFRS 13 Fair Value Measurement NERFINISHED ⓘ IFRS 7 Financial Instruments: Disclosures NERFINISHED ⓘ |
| replacedImpairmentModel | Incurred loss model under IAS 39 ⓘ |
| replaces | IAS 39 Financial Instruments: Recognition and Measurement NERFINISHED ⓘ |
| requires |
Assessment of contractual cash flow characteristics (SPPI test)
ⓘ
Business model assessment for classification of financial assets ⓘ Recognition of 12-month expected credit losses for performing assets ⓘ Recognition of lifetime expected credit losses for credit-impaired assets ⓘ |
| scopeIncludes |
Certain contracts to buy or sell non-financial items
ⓘ
Financial assets ⓘ Financial liabilities ⓘ |
| shortName | IFRS 9 NERFINISHED ⓘ |
| standardSetter | IASB NERFINISHED ⓘ |
| subjectArea |
Financial instruments accounting
ⓘ
Financial reporting ⓘ |
Referenced by (1)
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