Financial Instruments.

I have failed to be convinced about dealing with the above subject. By reading the latest text, it says you can choose between IFRS9 and the IAS32 and 39 but clearly indicate that.One of my colleagues told me that IFRS9 is a must for June ’11 sitting! I want to hear an expert . Open tuition has always been there for me and i hope this time too. Please, Tutor tell me, If I combine IAs32 and 39 plus IFRS9, the same it has always been done, would be on the right track? thank you. Francis.