IFRS 9 – Financial Instruments


International Financial Reporting Standard 9: Financial instrumetns deals with the requirements of one of the most complex topics in accounting in recent history. With the introduction of IFRS 9 the attempt was to simplify existing reporting requirements yet so comprehensive that it tackles important aspects of financial assets and liabilities.

Executive Summary

IFRS 9 was released to ultimately replace IAS 39 and other standards to provide a single document of all the requirements. So far IFRS 9 deals with recognition and measurement of financial instruments. Recent updating included Hedge accounting as well and has simplified the recording in the financial statements.