BDO has published IFRB 2024/07 IASB issues Amendments to the Classification and Measurement of Financial Instruments.
On 30 May 2024, the IASB issued Amendments to the Classification and Measurement of Financial Instruments – Amendments to IFRS 9 and IFRS 7 (the Amendments).
The Amendments clarify:
- the requirements related to the date of recognition and derecognition of financial assets and financial liabilities, with an exception for derecognition of financial liabilities settled via an electronic transfer.
- the requirements for assessing contractual cash flow characteristics of financial assets.
- characteristics of non-recourse loans and contractually linked instruments.
The Amendments also introduce certain disclosure requirements for financial instruments.
BDO’s IFR Bulletin 2024/07 summarises the requirements of the Amendments, along with explanatory flow charts and illustrations.
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Source BDO Global
