Classification and measurement
IFRS 9 requires financial assets to be measured at amortised cost or fair value. Fair value changes will be in profit or loss or taken to OCI. Fair value through OCI is a consequence of the business model for some assets but an irrevocable election at initial recognition for other assets. Our specialists share their insights in our suite of publications, videos and tools.
Calculating expected credit losses is a challenge, particularly for banks and other lenders. Our specialists share their insights and clarify the complicated requirements this area of IFRS 9. If you're looking for an overview or a deep dive on a technical issue, our suite of publications, videos and frequently asked questions should help you.
IFRS 9 provides an accounting policy choice: continue to apply the IAS 39 hedge accounting requirements until the macro hedging project is finalised, or apply IFRS 9 (with the exception only for fair value macro hedges of interest rate risk). Hedge accounting under IFRS 9 can be easier to achieve than under IAS 39. Hedge accounting is still optional but a wider range of instruments qualify as hedging instruments, effectiveness testing is simplified and more things can be hedged. Interested? Our specialists share their insights on how hedge accounting under IFRS 9 works.