IFRB 2024/07 IASB issues Amendments to the Classification and Measurement of Financial Instruments
IFRB 2024/07 IASB issues Amendments to the Classification and Measurement of Financial Instruments
Original article from BDO Global
BDO has published IFRB 2024/07 IASB has issued amendments to the Classification and Measurement of Financial Instruments.
On May 30, 2024, the IASB issued Amendments to the Classification and Measurement of Financial Instruments—Amendments to IFRS 9 and IFRS 7 (the Amendments).
The amendments clarify:
BDO has published IFRB 2024/07 IASB has issued amendments to the Classification and Measurement of Financial Instruments.
On May 30, 2024, the IASB issued Amendments to the Classification and Measurement of Financial Instruments—Amendments to IFRS 9 and IFRS 7 (the Amendments).
The amendments clarify:
- the requirements related to the date of recognition and derecognition of financial assets and financial liabilities, with an exception for derecognition of financial liabilities settled via an electronic transfer.
- the requirements for assessing the contractual cash flow characteristics of financial assets.
- characteristics of non-recourse loans and contractually linked instruments.
The Amendments also introduce certain disclosure requirements for financial instruments.
BDO’s IFR Bulletin 2024/07 summarises the requirements of the Amendments, along with explanatory flow charts and illustrations.
BDO’s IFR Bulletin 2024/07 summarises the requirements of the Amendments, along with explanatory flow charts and illustrations.