IFRS 9: Difference between revisions

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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]]

Latest revision as of 00:06, 29 October 2024

International Financial Reporting Standard 9, dealing with financial instruments.

IFRS 9 largely replaced IAS 39 'Financial Instruments: Recognition and Measurement'.


Accounting and tax surprises under IFRS 9
"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


Other resources