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
BDO has published IFRB 2024/07 IASB issues Amendments to the Classification and Measurement of Financial Instruments.
On 30 May 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’s IFR Bulletin 2024/07 summarises the requirements of the Amendments, along with explanatory flow charts and illustrations.
On 30 May 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 contractual cash flow characteristics of financial assets.
- characteristics of non-recourse loans and contractually linked instruments.
BDO’s IFR Bulletin 2024/07 summarises the requirements of the Amendments, along with explanatory flow charts and illustrations.