The International Accounting Standards Board (IASB) published today an exposure draft on Financial Instruments: Amortised Cost and Impairment
The proposals form the second part of a three-part project to replace IAS 39 Financial Instruments: Recognition and Measurement with a new standard, to be known as IFRS 9 Financial Instruments. Proposals on the classification and measurement of financial instruments were published in July, with a final standard expected shortly, while proposals on hedge accounting continue to be developed.
The proposals in the exposure draft Financial Instruments: Amortised Cost and Impairment are open for comment until 30 June 2010. After considering comments received on the exposure draft, the IASB plans to issue an IFRS in 2010 that would become mandatory about three years later [with early application permitted].
Access the document online
To access the document visit the 'Open to comment' section of the website.
If you are an eIFRS/Comprehensive subscriber, you can view the document in the 'Latest Additions' section of the secure eIFRS online area (you will be required to provide your login details).
Print copies of the document
Printed copies can be purchased from the IASC Foundation's online shop for £12 each plus shipping. Comprehensive subscribers will receive their printed copies shortly.
More information
Go to the project page
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