#IAFacts Timeline of IFRS 9

IAF FEB UI @iaffebui

Hello folks! Tonight #IAFacts is going to talk about IFRS 9

30/01/2014 19:02:05 WIB
IAF FEB UI @iaffebui

IFRS 9 Financial Instruments was published in November 2009 and contained requirements for financial assets. #IAFacts

30/01/2014 19:07:04 WIB
IAF FEB UI @iaffebui

Requirements for financial liabilities were added to IFRS 9 in October 2010. #IAFacts

30/01/2014 19:08:32 WIB
IAF FEB UI @iaffebui

Most of the requirements for financial liabilities were carried forward unchanged from IAS 39. #IAFacts

30/01/2014 19:09:14 WIB
IAF FEB UI @iaffebui

However, some changes were made to the fair value option for financial liabilities to address the issue of own credit risk. #IAFacts

30/01/2014 19:10:32 WIB
IAF FEB UI @iaffebui

The IASB decided that a mandatory date of 1 January 2015 would not allow sufficient time for entities to prepare to apply... #IAFacts

30/01/2014 19:11:31 WIB
IAF FEB UI @iaffebui

...the new standard because the impairment phase of the IFRS 9 project has not yet been completed. #IAFacts

30/01/2014 19:12:55 WIB
IAF FEB UI @iaffebui

Accordingly, the IASB decided that a new date should be decided upon when the entire IFRS 9 project is closer to completion. #IAFacts

30/01/2014 19:14:26 WIB
IAF FEB UI @iaffebui

The amendments made to IFRS 9 in November 2013 remove the mandatory effective date from IFRS 9. #IAFacts

30/01/2014 19:15:49 WIB
IAF FEB UI @iaffebui

However, entities may still choose to apply IFRS 9 immediately. #IAFacts

30/01/2014 19:17:04 WIB
IAF FEB UI @iaffebui

On 15 November 2011, the Board decided to consider making limited modifications to IFRS 9, and... #IAFacts

30/01/2014 19:18:30 WIB
IAF FEB UI @iaffebui

...on 28 November 2012 the IASB issued an Exposure Draft Classification and Measurement: Limited Amendments to IFRS 9... #IAFacts

30/01/2014 19:19:49 WIB
IAF FEB UI @iaffebui

...(Proposed amendments to IFRS 9 (2010)). #IAFacts

30/01/2014 19:22:10 WIB


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