Debt restructuring under IFRS 9: changes you may have missed

IFRS 9 has now been applicable for over a year, but some of its changes have often been either overseen or neglected—even when they could have a material impact on the accounts. One of these is the treatment of non-substantial modifications of financial assets or financial liabilities when amending contractual terms within a restructuring transaction. There is […]
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IASB provides important clarifications on IAS 1 and IAS 8

The International Accounting Standards Board (IASB) has recently updated its definition of “material” as it appears in IAS 1 and IAS 8, and by a similar process now wants to clarify accounting policy changes as defined in IAS 8. Regarding the latter, the IASB has just finished collecting feedback on its exposure draft (ED). Definition of material The IASB […]

IFRS 9: classifying financial assets as equity instruments

In its September 2017 update, the IFRS Interpretations Committee (IFRIC) published its view on when to classify particular investments as equity under IFRS 9. The IFRIC received a letter asking in which cases particular financial instruments would be eligible for the presentation election described in paragraph 4.1.4 of IFRS 9. This paragraph allows the holde […]