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	''Financial reporting - financial assets - financial liabilities - International Financial Reporting Standards (IFRS) - IFRS 9.''		''Financial reporting - financial assets - financial liabilities - International Financial Reporting Standards (IFRS) - IFRS 9.''

	Under IFRS 9 (Appendix A) a modification gain or loss is an amount recognised immediately in profit or loss, from adjusting the gross carrying amount of a financial asset to reflect renegotiated or modified contractual cash flows ~~of a financial liability or asset~~.		Under IFRS 9 (Appendix A) a modification gain or loss is an amount recognised immediately in profit or loss, from adjusting the gross carrying amount of a financial liability or asset to reflect renegotiated or modified contractual cash flows.


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	*[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]		*[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:Financial_management]]~~
	~~[[Category:Financial_products_and_markets]]~~
	~~[[Category:Financial_risk_management]]~~
	~~[[Category:Long_term_funding]]~~

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

Doug: Create page - source - IFRS 9.

2024-10-30T21:47:27Z

Create page - source - IFRS 9.

New page

''Financial reporting - financial assets - financial liabilities - International Financial Reporting Standards (IFRS) - IFRS 9.''

Under IFRS 9 (Appendix A) a modification gain or loss is an amount recognised immediately in profit or loss, from adjusting the gross carrying amount of a financial asset to reflect renegotiated or modified contractual cash flows of a financial liability or asset.

:<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 ==
* [[Derecognition]]
* [[Derivative instrument]]
* [[Extinguishment]]
* [[Fair Value Adjustment]]
* [[Financial asset]]
* [[Financial instrument]]
* [[Financial liability]]
* [[Hedge accounting]]
* [[IAS 32]]
* [[IAS 39]]
* [[IFRS 9]]
* [[IFRS 9 hedge accounting reforms: a closer reflection of risk management?]]
* [[IFRS 15]]
* [[Impairment]]
* [[International Financial Reporting Standards]] (IFRS)
* [[Modification]]
* [[Non-substantial modification]]
* [[Recognition]]
* [[Set-off]]
* [[Substantial modification]]

==Other resources==
*[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.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:Financial_management]]
[[Category:Financial_products_and_markets]]
[[Category:Financial_risk_management]]
[[Category:Long_term_funding]]

[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_management]]
[[Category:Financial_products_and_markets]]
[[Category:Financial_risk_management]]
[[Category:Long_term_funding]]

Modification gain or loss - Revision history

Doug: Layout.

Doug: Create page - source - IFRS 9.