Global Standards for the world economy

Friday 09 December 2016

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From incurred to expected—two years to go

 19 February 2016


Board member Sue Lloyd discusses IFRS 9

1 January 2018 is the effective date of the new financial instruments Standard, IFRS 9. In the latest video in the IFRS Foundation's Debrief series, Sue Lloyd, Member of the International Accounting Standards Board, explains the background to IFRS 9 and its different components – and gives an update on what has happened in the period since the Board completed the Standard in 2014.

Focusing on the impairment element of the Standard, it also covers how the accounting for loan loss provisioning will change from an incurred to an expected loan loss model and gives an update on how the Standard relates to activity by other organisations such as banking regulators.





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