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Last update 31/10/2019 IFRS 9 Full derecognition of financial assets is part of a decision model for the derecognition of financial assets. The derecognition can be a full derecognition, a full continued recognition, a full derecognition with recognition of new assets or liabilities retained or a continued involvement. The model is starting here. Derecognition of … Read more

Last update 12/11/2019 IFRS 9 Financial Instruments Measurement uses the following criteria for determining the classification and measurement of financial assets at Amortized Cost, Fair Value through Other Comprehensive Income (FVOCI) or Fair Value through Profit or Loss (FVPL): The critical issues for classifying and measuring financial assets are whether: The objective of the entity’s … Read more

Last update 31/10/2019 IFRS 9 Financial assets continued involvement is part of a decision model for the derecognition of financial assets. The derecognition can be a full derecognition, a full continued recognition, a full derecognition with recognition of new assets or liabilities retained or a continued involvement. The model is starting here Derecognition of financial … Read more

Last update 04/01/2020 IFRS 9 Financial asset classification provides an overview of the financial asset classification requirements under IFRS 9 and the differences with IAS 39, as per below table: Categories Conditions to be Met Impact Amortized Cost The financial asset is held within a business model whose objective is to hold financial assets in … Read more

Last update 31/10/2019 IFRS 9 Continue to recognise the financial asset is part of a decision model for the derecognition of financial assets. The derecognition can be a full derecognition, a full continued recognition, a full derecognition with recognition of new assets or liabilities retained or a continued involvement. The model is starting here. Derecognition … Read more

Last update 04/12/2019 IFRS 9 Classification and Measurement of Financial Instruments – IFRS 9 uses the following criteria for determining the classification as of financial assets at Amortized Cost, FVOCI or FVPL categories apply: IFRS 9 Classification and Measurement of Financial Instrumen The critical issues for classifying and measuring financial assets are whether: IFRS 9 … Read more

Last update 31/10/2019 IFRS 9 Assume obligation to pay cash flow is part of a decision model for the derecognition of financial assets. The derecognition can be a full derecognition, a full continued recognition, a full derecognition with recognition of new assets or liabilities retained or a continued involvement. The model is starting here. Derecognition … Read more

Last update 16/09/2019 This is a high level summary of the disclosure requirements added to IFRS 7 Financial Instruments: Disclosures that accompanies the impairment model in IFRS 9 Financial Instruments. Topics hide Credit risk management practices Inputs, assumptions and estimation techniques Reconciliations Modifications (renegotiations) Collateral or other credit enhancements Write-offs IFRS 7 Disclosures for IFRS … Read more

Last update 26/11/2019 IFRS 3 What are the different classifications of software?, well off course it depends. Computer software can be classified as either a tangible asset, i.e. property, plant and equipment or an intangible asset, depending on the level of integration with the related hardware. Topics hide Software integrated in hardware ‘Standalone’ software Long-term … Read more

Last update 02/12/2019 IFRS 3 Redefinition of a business – In summary:IFRS 3 Redefinition of a business The IASB issued narrow-scope amendments to IFRS 3 to help entities determine whether an acquired set of activities and assets is a business or not. The amendments clarify the minimum requirements to be a business, remove the assessment … Read more