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Thursday 24 July 2014

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Phase II: Amortised cost and impairment of financial assets


 Financial Instruments—Phase II: Amortised cost and impairment of financial assets

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 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.

Project stages

Board deliberations

Stage completed: November 2008

Issued documents

Stage 2: The discussion paper was open for comment until 19 September 2008

Feedback on Discussion Paper

Board deliberations

Issued documents

Stage 3: The Request for Information was open for comment until 1 September 2009.

Board deliberations

Issued documents

Stage 5:The supplementary document comment period closed on 1 April 2011

Board deliberations

    The IASB is currently in the balloting process for the new issuance of IFRS 9 Financial Instruments, incorporating the final requirements for impairment and the limited amendments to classification and measurement.

Stage 7: Expected completion date: Q2 2014