IFRS 9 is effective for annual periods beginning on or after 1 January 2018 with early application permitted. IFRS 9 specifies how an entity should classify and measure financial assets, financial liabilities, and some contracts to buy or sell non-financial items.

requirements in IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 relating to: • changes in the basis for determining contractual cash flows of financial assets, financial liabilities and lease liabilities;

IFRS 9 is an International Financial Reporting Standard (IFRS) published by the International Accounting Standards Board (IASB). It addresses the accounting for financial instruments. It contains three main topics: classification and measurement of financial instruments, impairment of financial assets and hedge accounting.

On 30 May 2024, the IASB issued targeted amendments to IFRS 9, ‘Financial Instruments’, and IFRS 7, ‘Financial Instruments: Disclosures’. The amendments respond to recent questions arising in practice, and include new requirements not only for financial institutions but also for corporate entities.

As of March 2023, the IASB (International Accounting Standards Board, or the Board) has completed its discussions on the topics put forward in the Post Implementation Review (PIR) for IFRS 9 Financial instruments (IFRS 9) with respect to classification and measurement.

May 30, 2024 · These amendments address diversity in accounting practice by making the requirements more understandable and consistent. These amendments are effective for annual reporting periods beginning on or after 1 January 2026. Earlier application is permitted.

Dec 13, 2017 · In July 2014, the IASB issued International Financial Reporting Standard 9 - Financial Instruments (IFRS 9), which introduced an "expected credit loss" (ECL) framework for the recognition of impairment.

IFRS 9 Financial Instruments is the IASB’s replacement of IAS 39 Financial Instruments: Recognition and Measurement. The Standard includes requirements for recognition and measurement, impairment, derecognition and general hedge accounting.

Sep 6, 2024 · The amendments address two of the issues identified during the post-implementation review of IFRS 9, being the derecognition of a financial liability settled through electronic transfer and the classification of financial assets, it also introduces new and amended disclosure requirements.

The IASB’s new financial-instrument standard, IFRS 9, applies for years beginning on or after 1 January 2018 and introduces significant changes to classification and measurement, impairment and hedge accounting.