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Financial instruments - IFRS 9 guidance

All businesses hold financial instruments in some form, from cash and trade receivables at the simplest end of the scale to complex derivatives at the other.

Accounting for them under International Financial Reporting Standards (IFRS) has always been complex and this is set to increase further with IFRS 9 ‘Financial Instruments’ fundamentally rewriting the accounting rules. IFRS 9 introduces a new approach for financial asset classification; a more forward-looking expected loss model; and major new requirements on hedge accounting.

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IFRS Viewpoints

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We have gained extensive insights into the challenges presented by the new Standard and can work with you to help prepare for them. Review our IFRS 9 publications below to start getting your business ready for IFRS 9. Our series highlights the impairment requirements and classifying and measuring financial instruments as well as a newsletter on the hedge accounting requirements.

Our related guidance also addresses the classification of a financial instrument as liability or equity under IAS 32 ‘Financial Instruments: Presentation’, a critical issue for management when evaluating alternative options.

To learn more about getting ready for IFRS 9, view our related content or speak to your local member firm.