IFRS 9 - Revision history

Doug: Add treasury relevant quote and resource.

2025-03-20T17:54:08Z

Add treasury relevant quote and resource.

← Older revision		Revision as of 17:54, 20 March 2025
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	IFRS 9 largely replaced IAS 39 'Financial Instruments: Recognition and Measurement'.		IFRS 9 largely replaced IAS 39 'Financial Instruments: Recognition and Measurement'.


			:<span style="color:#4B0082">'''''Accounting for contracts referencing nature-dependent electricity'''''</span>

			:"Contracts for electricity generated from nature-dependent sources such as wind or solar have become more prevalent in many entities’ carbon mitigation journey.

			:These contracts are often structured as long-dated power purchase agreements (‘PPAs’) that either:
			:*provide the purchaser with an amount of electricity generated by the nature-dependent energy source at a fixed price per unit (‘physical PPAs’), as well as environmental certificates; or
			:*contain an embedded swap that net settles the difference between a fixed-price cash flow and a floating-price cash flow related to an amount of nature-dependent electricity generated ('virtual PPAs’ or ‘VPPAs’), and deliver related environmental certificates.

			:A unique characteristic of these PPAs is that nature-dependent sources determine whether and how much electricity is generated by the referenced facility at any point in time. This has created challenges in practice in accounting for these contracts – particularly the criteria for the ‘own use’ exception in IFRS 9 for physical PPAs...

			:The IASB has amended the 'own use' and hedge accounting requirements of IFRS 9, and it has added targeted disclosure requirements to IFRS 7. These amendments apply only to contracts that expose an entity to variability in the underlying amount of electricity because the source of its generation depends on uncontrollable natural conditions (such as the weather). These are described as ‘contracts referencing nature-dependent electricity’."

			:''New ‘own use’ and hedging guidance for contracts referencing nature-dependent electricity - PwC - December 2024.''


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	== See also ==		== See also ==
			* [[Contracts referencing nature-dependent electricity]]
	* [[Derecognition]]		* [[Derecognition]]
	* [[Derivative instrument]]		* [[Derivative instrument]]
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	* [[IFRS 15]]		* [[IFRS 15]]
	* [[Impairment]]		* [[Impairment]]
			* [[International Accounting Standards Board]] (IASB)
	* [[Modification]]		* [[Modification]]
	* [[Non-substantial modification]]		* [[Non-substantial modification]]
			* [[Own use]]
			* [[Power purchase agreement]] (PPA)
	* [[Recognition]]		* [[Recognition]]
			* [[Renewable energy certificate]] (REC)
	* [[Substantial modification]]		* [[Substantial modification]]
			* [[Virtual power purchase agreement]] (VPPA)


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	*[https://www.iasplus.com/en/standards/ifrs/ifrs9 IFRS 9 summary - IAS Plus]		*[https://www.iasplus.com/en/standards/ifrs/ifrs9 IFRS 9 summary - IAS Plus]
	*[https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2022/issued/part-a/ifrs-9-financial-instruments.pdf?bypass=on IFRS 9 full text - IFRS webpage]		*[https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2022/issued/part-a/ifrs-9-financial-instruments.pdf?bypass=on IFRS 9 full text - IFRS webpage]
			*[https://viewpoint.pwc.com/dt/gx/en/pwc/in_briefs/in_briefs_INT/in_briefs_INT/new-own-use-and-hedging-guidance.html#_1a289657-2273-4466-8f2d-24b83cf5f110 New ‘own use’ and hedging guidance for contracts referencing nature-dependent electricity - PwC - December 2024]
	*[https://www.treasurers.org/hub/treasurer-magazine/renegotiating-loan-get-accounting-right-warns-adviser Renegotiating a loan? Get the accounting right - Kern Roberts, managing director, global accounting practice lead Chatham Financial]		*[https://www.treasurers.org/hub/treasurer-magazine/renegotiating-loan-get-accounting-right-warns-adviser Renegotiating a loan? Get the accounting right - Kern Roberts, managing director, global accounting practice lead Chatham Financial]

Doug: Add treasury relevant quote and resource.

2024-10-29T00:06:38Z

Add treasury relevant quote and resource.

← Older revision		Revision as of 00:06, 29 October 2024
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	IFRS 9 largely replaced IAS 39 'Financial Instruments: Recognition and Measurement'.		IFRS 9 largely replaced IAS 39 'Financial Instruments: Recognition and Measurement'.


			:<span style="color:#4B0082">'''''Accounting and tax surprises under IFRS 9'''''</span>

			:"Corporate borrowers often need to renegotiate their existing loan liabilities, and in many companies this responsibility will fall on the treasurer.

			:Although treasurers may not necessarily be accounting experts, they still need to carefully consider the potential accounting impacts when renegotiating loan terms.

			:Under IFRS 9: Financial Instruments, loan modifications can trigger gains and losses for financial reporting purposes and may even have tax implications."

			:''Renegotiating a loan? Get the accounting right - Kern Roberts, managing director, global accounting practice lead Chatham Financial.''


	== See also ==		== See also ==
			* [[Derecognition]]
	* [[Derivative instrument]]		* [[Derivative instrument]]
			* [[Extinguishment]]
	* [[Fair Value Adjustment]]		* [[Fair Value Adjustment]]
	* [[Financial instrument]]		* [[Financial instrument]]
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	* [[IFRS 15]]		* [[IFRS 15]]
	* [[Impairment]]		* [[Impairment]]
			* [[Modification]]
			* [[Non-substantial modification]]
	* [[Recognition]]		* [[Recognition]]
			* [[Substantial modification]]


	==~~External link~~==		==Other resources==
	*[https://www.iasplus.com/en/standards/ifrs/ifrs9 IFRS 9 summary - IAS Plus]		*[https://www.iasplus.com/en/standards/ifrs/ifrs9 IFRS 9 summary - IAS Plus]
	*[https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2022/issued/part-a/ifrs-9-financial-instruments.pdf?bypass=on IFRS 9 full text - IFRS webpage]		*[https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2022/issued/part-a/ifrs-9-financial-instruments.pdf?bypass=on IFRS 9 full text - IFRS webpage]
			*[https://www.treasurers.org/hub/treasurer-magazine/renegotiating-loan-get-accounting-right-warns-adviser Renegotiating a loan? Get the accounting right - Kern Roberts, managing director, global accounting practice lead Chatham Financial]

			[[Category:Accounting,_tax_and_regulation]]
			[[Category:Compliance_and_audit]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:Compliance_and_audit]]		[[Category:Compliance_and_audit]]

Doug: Add link.

2024-06-24T23:34:44Z

Add link.

← Older revision		Revision as of 23:34, 24 June 2024
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	== See also ==		== See also ==
			* [[Derivative instrument]]
	* [[Fair Value Adjustment]]		* [[Fair Value Adjustment]]
	* [[Financial instrument]]		* [[Financial instrument]]

Doug: Layout.

2024-05-08T18:20:24Z

Layout.

← Older revision		Revision as of 18:20, 8 May 2024
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	==External link==		==External link==
	*[https://www.iasplus.com/en/standards/ifrs/ifrs9 IFRS 9 summary - IAS Plus]		*[https://www.iasplus.com/en/standards/ifrs/ifrs9 IFRS 9 summary - IAS Plus]
	*[[https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2022/issued/part-a/ifrs-9-financial-instruments.pdf?bypass=on IFRS 9 full text - IFRS webpage]		*[https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2022/issued/part-a/ifrs-9-financial-instruments.pdf?bypass=on IFRS 9 full text - IFRS webpage]

	~~[[Category:Accounting,_tax_and_regulation]]~~
	~~[[Category:Compliance_and_audit]~~]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:Compliance_and_audit]]		[[Category:Compliance_and_audit]]

Doug: Add link.

2024-05-08T18:20:02Z

Add link.

← Older revision		Revision as of 18:20, 8 May 2024
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	==External link==		==External link==
	*[https://www.iasplus.com/en/standards/ifrs/ifrs9 IFRS 9 - IAS Plus]		*[https://www.iasplus.com/en/standards/ifrs/ifrs9 IFRS 9 summary - IAS Plus]
			*[[https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2022/issued/part-a/ifrs-9-financial-instruments.pdf?bypass=on IFRS 9 full text - IFRS webpage]

			[[Category:Accounting,_tax_and_regulation]]
			[[Category:Compliance_and_audit]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:Compliance_and_audit]]		[[Category:Compliance_and_audit]]

imported>Doug Williamson: Add link to IAS Plus

2022-03-02T16:37:33Z

Add link to IAS Plus

← Older revision		Revision as of 16:37, 2 March 2022
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	* [[Impairment]]		* [[Impairment]]
	* [[Recognition]]		* [[Recognition]]


			==External link==
			*[https://www.iasplus.com/en/standards/ifrs/ifrs9 IFRS 9 - IAS Plus]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:Compliance_and_audit]]		[[Category:Compliance_and_audit]]

imported>Doug Williamson: Add link.

2021-09-22T15:51:25Z

Add link.

← Older revision		Revision as of 15:51, 22 September 2021
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	* [[IAS 39]]		* [[IAS 39]]
	* [[IFRS 9 hedge accounting reforms: a closer reflection of risk management?]]		* [[IFRS 9 hedge accounting reforms: a closer reflection of risk management?]]
			* [[IFRS 15]]
	* [[Impairment]]		* [[Impairment]]
	* [[Recognition]]		* [[Recognition]]

imported>Doug Williamson: Remove old effective date of 2018.

2021-09-22T15:50:50Z

Remove old effective date of 2018.

← Older revision		Revision as of 15:50, 22 September 2021
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	International Financial Reporting Standard 9, dealing with financial instruments.		International Financial Reporting Standard 9, dealing with financial instruments.

	IFRS 9 ~~became mandatory for accounting periods starting on or after 1 January 2018.~~		IFRS 9 largely replaced IAS 39 'Financial Instruments: Recognition and Measurement'.


	It largely replaced IAS 39 'Financial Instruments: Recognition and Measurement'.

imported>Doug Williamson: Update.

2019-08-25T17:07:40Z

Update.

← Older revision		Revision as of 17:07, 25 August 2019
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	International Financial Reporting Standard 9, dealing with financial instruments.		International Financial Reporting Standard 9, dealing with financial instruments.

	IFRS 9 is mandatory for accounting periods starting on or after 1 January 2018.		IFRS 9 became mandatory for accounting periods starting on or after 1 January 2018.


	It largely ~~replaces~~ IAS 39 'Financial Instruments: Recognition and Measurement'.		It largely replaced IAS 39 'Financial Instruments: Recognition and Measurement'.


	== See also ==		== See also ==
	* [[Fair Value Adjustment]]		* [[Fair Value Adjustment]]
			* [[Financial instrument]]
	* [[Hedge accounting]]		* [[Hedge accounting]]
	* [[IAS 32]]		* [[IAS 32]]
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	* [[IFRS 9 hedge accounting reforms: a closer reflection of risk management?]]		* [[IFRS 9 hedge accounting reforms: a closer reflection of risk management?]]
	* [[Impairment]]		* [[Impairment]]
			* [[Recognition]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:Compliance_and_audit]]		[[Category:Compliance_and_audit]]

imported>Doug Williamson: Update for implementation date now passed.

2018-11-04T22:24:19Z

Update for implementation date now passed.

← Older revision		Revision as of 22:24, 4 November 2018
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	International Financial Reporting Standard 9, dealing with financial instruments.		International Financial Reporting Standard 9, dealing with financial instruments.

	~~The revised~~ IFRS 9 is mandatory for accounting periods starting on or after 1 January 2018.		IFRS 9 is mandatory for accounting periods starting on or after 1 January 2018.


	It largely ~~replaced~~ IAS 39 'Financial Instruments: Recognition and Measurement'.		It largely replaces IAS 39 'Financial Instruments: Recognition and Measurement'.


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	* [[Impairment]]		* [[Impairment]]

			[[Category:Accounting,_tax_and_regulation]]
	[[Category:Compliance_and_audit]]		[[Category:Compliance_and_audit]]