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IFRS 9 Financial Instruments

IFRS 9 Financial InstrumentsIn April 2001 the International Accounting Standards Board (Board) adoptedIAS 39 Financial Instruments : Recognition and Measurement, which had originally been issuedby the International Accounting Standards Committee in March Board had always intended that IFRS 9 Financial Instruments would replace IAS 39 inits entirety. However, in response to requests from interested parties that the accountingfor Financial Instruments should be improved quickly, the Board divided its project toreplace IAS 39 into three main phases. As the Board completed each phase, it issuedchapters in IFRS 9 that replaced the corresponding requirements in IAS November 2009 the Board issued the chapters of IFRS 9 relating to the classificationand measurement of Financial assets. In October 2010 the Board added the requirementsrelated to the classification and measurement of Financial liabilities to IFRS 9.

include Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters (Amendments to IFRS 1) (issued December 2010), IFRS 10 Consolidated Financial Statements (issued May 2011), IFRS 11 Joint Arrangements (issued May 2011), IFRS 13 Fair Value Measurement (issued May 2011), IAS 19 Employee Benefits (issued June 2011), Annual ...

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