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

18 January 2012 The staff continues to develop the general impairment model based on credit deterioration.

19 July 2011 On 5 August 2011, a Financial Instruments Working Group (FIWG) meeting was held in London to discuss the impairment project. For more information please click here.

May 2011 On Tuesday 24 May 2011 there were two webcasts by the IASB staff at 10am and 4pm (London time) to provide updates on the statuses of both the impairment and the hedge accounting projects. Click here to listen.

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

Last IASB meeting update

27 January 2012

The boards discussed how the three-category (or 'bucket') impairment model should be applied to purchased financial assets with an explicit expectation of credit losses at acquisition. In addition, the boards discussed other aspects of the accounting for such purchased financial assets.

Click here to listen to the IASB meeting audio playback.

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

Next discussion by the IASB

The boards will discuss further in 2012.

Page last updated: 3 February 2012

Related information

Click here for webcasts and Q&As.

Listen to a May 2011 webcast update on hedge accounting and impairment projects - morning session and afternoon session

Click here for a summary of the Expert Advisory Panel discussions

Click here for key issues to begin re-deliberations

Click here for the outreach summary, May 2011

Project contacts

Jana Streckenbach
Technical Manager
email: jstreckenbach@ifrs.org

Martin Friedhoff
Associate Director, Financial Instruments
email: mfriedhoff@ifrs.org

Sue Lloyd
Senior Director, Technical Activities
email: slloyd@ifrs.org

Sara Glen
Practice Fellow
email: sglen@ifrs.org

Katherine Cancro
Assistant Technical Manager
email: kcancro@ifrs.org