MyCIMA

IFRS 9

  • Financial Instruments : Impairment
    Discussion topic
    02/02/2011 - 3:28pm

    The International Accounting Standards Board (IASB) has published supplementary guidance on the impairment of financial instruments as part of its IAS 39 replacement project.  These proposals, which are issued jointly with the US Financial Accounting Standards Board (FASB), aim to develop a common approach with the FASB for an expected loss impairment model for open portfolios of financial assets measured at amortised cost.

  • IFRS 9 and complexity in financial reporting
    Discussion topic
    03/03/2010 - 9:22pm
    I am busy with a research project on how IFRS 9 has reduced complexity in reporting financial assets. I am particularly interested in your understanding of complexity, its causes and what contribution IFRS 9 has made? Is early adoption taking place, what else can be done etc?
  • Preparers - play your part
    Blog Entry
    27/11/2009 - 5:44pm
    The EU has postponed a decision on whether to endorse IFRS 9 Financial Instruments for use in Europe.  Although the mandatory date for adoption of IFRS 9 set by the IASB is 2013, voluntary use is permitted immediately.  However the EU decision or non-decision has effectively ruled out the possibility of European companies using the new simplified provisions in the December year-end accounts.  Some, such as Douglas Flint Group FD at HSBC, point out those European companies will be at a competitive disadvantage as a result.  However, I believe that the ultimate impact could be felt globally