Topic 03 · IFRS 9, IAS 32, IFRS 7
Financial instruments
How receivables, investments, debt and derivatives are classified, measured (amortised cost or fair value), impaired (expected vs incurred loss), hedged, split between debt and equity, and disclosed.
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Sign in with GoogleStandard-setter changes on this topic
- 2025-07-30US GAAPAdds a practical expedient allowing entities to assume current conditions as of the balance sheet date persist through the forecast period when estimating CECL allowances on current receivables and contract assets arising under ASC 606, with a further accounting policy election for non-public entities. Effective for annual periods beginning after 15 December 2025. Effective 2026-01-01.
- 2024-12-18IFRSClarifies the own-use exemption for power purchase agreements referencing nature-dependent electricity, permits cash flow hedge accounting for such contracts under specified conditions, and adds disclosures. Effective for periods beginning on or after 1 January 2026. Effective 2026-01-01.
- 2024-05-30IFRSClarifies derecognition of a financial liability settled through an electronic payment system, how the SPPI test applies to ESG-linked and other contingent features and to contractually linked instruments, and adds disclosures for FVOCI equity investments and contingent features. Effective for periods beginning on or after 1 January 2026. Effective 2026-01-01.
- 2024-03-27FRS 102Introduces Section 2A Fair Value Measurement aligned with IFRS 13 concepts and makes targeted clarifications to Sections 11 and 12, while retaining the incurred-loss impairment model and the Section 11.2 policy choice to apply IAS 39 or IFRS 9 recognition and measurement. Effective for periods beginning on or after 1 January 2026. Effective 2026-01-01.
- 2022-03-31US GAAPRemoves the separate troubled debt restructuring recognition and measurement guidance for creditors that have adopted CECL, replacing it with enhanced disclosures about loan modifications to borrowers in financial difficulty, and requires gross write-offs by vintage in the credit quality disclosures. Effective for fiscal years beginning after 15 December 2022. Effective 2023-01-01.