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Well IFRS 9 full and final standard has recently been finalised and issued in July 2014. My question is tht are we required to know the new accounting rules of IFRS 9 regarding hedging and impairment? Is it examinable for June 2015 though it’s application starts in 2018? Could it be examined under current issues in detail?
Regards,
hassanatcams
To the extent that the standard was in issue as at 31 August 2013, then IFRS 9 is applicable. In so far as the standard was not applicable as at 31 August, 2013, then IAS 39 is examinable
Ok?
Right sir. This means tht we need not worry learning the new IFRS 9 hedging and impair rules as yet and IAS 39 will suffice for these at least for Jun2015. Right?
Right sir. It’s clear. This means tht we need not worry learning the new IFRS 9 hedging and impair rules as yet and IAS 39 will suffice for these at least for Jun2015. Right?
One more thing sir. Should we start reading the IFRS n IAS standards summaries on IAS Plus from now on ? as most of the topics and rules examiner examined in Dec 2014 eg financial guarantees & loan commitments, credit risk of fin liabs/assets, classification of acquisitions as business or assets etc are no where to be found in BPP/Kaplan study texts and only found on IAS Plus website. plz advice.
Thanks a lot sir for ur kind assistance and help u provide to students.
Regards.
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