Confused with IAS 39 and IFRS 9

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    topoftherock
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    I’m confused to what both require. Am i right in saying that classification and measurement of financial assets and liabilties are now under IFRS 9?. However fair value hedging and cash flow hedging are still under IAS 39 (and the new expsoure draft outlines that IFRS 9 should replace IAS 39 when dealing the two types of hedging).
    would be really grateful if you can help me out.


    Avatar of MikeLittle
    MikeLittle
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    Go for IFRS9


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    topoftherock
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    Just focus on IFRS 9 you mean?


    Avatar of MikeLittle
    MikeLittle
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    Yes!

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