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TitleFinancial Instruments
LanguageEnglish
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Table of Contents
                            IFRS Newsletter: Financial instruments
The future of IFRS financial instruments accounting
Redeliberations on classification and impairment continue
	The story so far ...
	What happened in September 2013?
	Contents
Classification and measurement - Amortised cost as a measurement basis
	What’s the issue?
	What did the Boards discuss?
Classification and measurement - meaning of ‘principal’
	What’s the issue?
	What did the staff discuss?
	What did the staff recommend?
	What did the Boards decide?
Classification and measurement - meaning of ‘interest’
	What’s the issue?
	De minimis features
	Components of interest
	The meaning of ‘time value of money’
	Regulated rates
	What did the Boards discuss?
	What did the Boards decide?
Classification and measurement - contingent features
	What’s the issue?
	Contingent features that result in cash flows that are solely P&I
	Contingent features that result in cash flows that are not solely P&I
	What did the Boards discuss?
	What did the Boards decide?
Classification and measurement - prepayment and extension features
	What’s the issue?
	Prepayment features that result in cash flows that are solely P&I
	Prepayment features that result in cash flows that are not solely P&I
	What did the Boards decide?
	Next steps
Impairment
	What’s the background?
	What happened in September?
	Concerns about the responsiveness of the impairment model
	Measurement of 12-month expected credit losses
	Definition of ‘default’
	Report on the fieldwork
	Next steps
Appendix A: Summary of IASB’s redeliberations on classification and measurement
Appendix B: Summary of IASB’s redeliberations on the impairment ED
Project milestones and timeline for completion
Find out more
KPMG contacts
	Acknowledgements
                        

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