On July 24, 2014 the IASB published the complete version of IFRS 9, Financial instruments, which replaces most of the guidance in IAS 39. This includes amended guidance for the classification and measurement of financial assets by introducing a fair value through other comprehensive income category for certain debt instruments. It also contains a new impairment model which will result in earlier recognition of losses. IFRS 9 will be effective for annual periods beginning on or after January 1, 2018, subject to endorsement in certain territories.
This In depth considers the new impairment model.
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