Thursday 02 September 2010

IFRS 9: Financial Instruments

Phase II – Amortised cost and impairment of financial assets

IFRS 9: Financial Instruments Phase II – Amortised cost and impairment of financial assets

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Project milestones

About the project

This is the second phase of the project to replace IAS 39 Financial Instruments: Recognition and Measurement.

The objective of this phase is to improve the decision-usefulness of financial statements for users by improving the amortised cost measurement, in particular the transparency of provisions for losses on loans and for the credit quality of financial assets.
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Project news

2 September 2010 The staff has posted an overview slide of the key issues of an expected loss impairment approach. These will be the first issues considered in re-deliberations before addressing details of the resulting model.

2 August 2010 An additional Board meeting will be held on Tuesday 3 August 2010. The impairment and hedge accounting phases of the project to replace IAS 39 will be discussed at this meeting.

9 July 2010 Summary of the Expert Advisory Panel (EAP) discussions on the ED Financial Instruments: Amortised Cost and Impairment.

Click here to see all previous project news on this project.

Last IASB meeting update

24 August 2010 At this meeting, the Board continued its redeliberations on phase II of the project to replace IAS 39 Financial Instruments: Recognition and Measurement.

Read the full meeting update and all previous updates and observer notes for this project.

Click here to listen to the IASB meeting audio playback.