Global Standards for the world economy

Sunday 28 May 2017

Banner graphic

IFRS 9: Financial Instruments

IASB meeting summaries and observer notes

 IASB 6 October 2009



Amortised cost

The ED proposed a two-measurement-category approach, which would measure financial instruments at either fair value or amortised cost. At this meeting, the Board tentatively confirmed, as it proposed in the ED, that amortised cost provides relevant and decision-useful information if both of the classification conditions are met.

The Board tentatively decided not to require fair value information on the face of the statement of financial position. In reaching this decision, the Board noted that it may explore this issue further at a later date, possibly as part of its convergence process with the US Financial Accounting Standards Board (FASB).


Date: 10/6/2009