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Sunday 30 April 2017

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Financial Instruments: Impairment of Financial Assets

Exposure draft and comment letters [Nov 2009]


 Exposure draft and comment letters

On 5 November 2009 the International Accounting Standards Board (IASB) published for public comment an exposure draft on amortised cost measurement and impairment of financial instruments. The proposals formed the second part of a three-part project to replace IAS 39 Financial Instruments: Recognition and Measurement with a new standard, IFRS 9 Financial Instruments. The comment period on this original exposure draft closed on 30 June 2010.

On 26 May 2010 the US Financial Accounting Standards Board (FASB) published for public comment Proposed Accounting Standards Update— Accounting for Financial Instruments and Revisions to the Accounting for Derivative Instruments and Hedging Activities—Financial Instruments (Topic 825) and Derivatives and Hedging (Topic 815). The comment period closed on 30 September 2010. The FASB exposure draft contained proposals for impairment of financial assets.

Supplementary document

On 31 January 2011, the IASB and the FASB published a joint document on impairment accounting that is a supplement to the exposure drafts described above. The comment period for the supplementary document closed on 1 April 2011.

Click here for more information and to read comment letters on the supplementary document .

Comment Letter deadline

The exposure draft comment period closed on 30 June 2010.

Due process document Accompanying material
Exposure Draft: Financial Instruments: Amortised Cost and Impairment [English][PDF] Basis for Conclusions: Financial Instruments: Amortised Cost and Impairment   [ English][PDF]
Exposé-sondage Instruments financiers: Coût amorti et dépréciation [French][PDF]
公開草案 : 金融商品:償却原価及び減損[Japanese][PDF] 公開草案 : 金融商品:償却原価及び減損 の結論の根拠 [Japanese][PDF]

Related information

Click here for a Snapshot summary of the exposure draft

Click here for IASB Staff examples