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Patrick Finnegan: IFRS 9—Limited Amendments, Significant Improvements

 14 December 2012


In November 2012 we proposed limited amendments to the classification and measurement requirements in IFRS 9 Financial Instruments. The proposed amendments are narrow in scope and are consistent with the existing principles in IFRS 9.

The proposals introduce a third measurement category: fair value through other comprehensive income (FVOCI). This measurement category is built on the existing classification conditions in IFRS 9 and will provide two sets of information—amortised cost in profit or loss and fair value in the balance sheet—in situations in which both sets of information are relevant to assessing the amounts, timing and uncertainty of future cash flows.

Read the full article, IFRS 9—Limited Amendments, Significant Improvements.