P2 – History of IFRS9

Dear Sir

I am confusing with IFRS9 and IAS32 and IAS39 when read through the pass paper answers. Could you please help to show how to treat the financial instrument in each status change.

I am aware of the coming IFRS 9 Financial Instruments issued on 24 July 2014 is the IASB’s replacement of IAS 39 Financial Instruments: Recognition and Measurement. The Standard includes requirements for recognition and measurement, impairment, derecognition and general hedge accounting. The IASB completed its project to replace IAS 39 in phases, adding to the standard as it completed each phase although it is out of syllablus of 2014/2015.

https://www.iasplus.com/en/standards/ifrs/ifrs9