Modification
From ACT Wiki
1. Financial reporting - financial assets - financial liabilities - renegotiation - International Financial Reporting Standards (IFRS) - IFRS 9.
Under IFRS 9 a to a financial asset or liability is a change to its contractual cash flows, following a renegotiation.
- 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.
2. Business maths - information technology - artificial intelligence (AI) - law - regulation - contract.
Any kind of change to an existing structure, but not its replacement.
See also
- Artificial intelligence (AI)
- Contract
- Derecognition
- Derivative instrument
- Discounted cash flow
- Extinguishment
- Fair Value Adjustment
- Financial asset
- Financial instrument
- Financial liability
- Hedge accounting
- IFRS 9
- IFRS 15
- Impairment
- Information technology
- International Financial Reporting Standards (IFRS)
- Law
- Modification gain or loss
- Non-substantial modification
- Present value
- Recognition
- Regulation
- Set-off
- Substantial modification