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Confused with IAS 39 and IFRS 9

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Confused with IAS 39 and IFRS 9

  • This topic has 3 replies, 2 voices, and was last updated 12 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • December 3, 2012 at 7:15 pm #56123
    topoftherock
    Member
    • Topics: 31
    • Replies: 61
    • ☆☆

    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.

    December 3, 2012 at 7:57 pm #109851
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23309
    • ☆☆☆☆☆

    Go for IFRS9

    December 4, 2012 at 1:15 am #109852
    topoftherock
    Member
    • Topics: 31
    • Replies: 61
    • ☆☆

    Just focus on IFRS 9 you mean?

    December 4, 2012 at 4:09 pm #109853
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23309
    • ☆☆☆☆☆

    Yes!

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