IFRS 9 Classification: Difference between revisions
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Latest revision as of 12:31, 25 July 2017
Definition
IFRS 9 replaces the rules-based classification system under IAS 39 with a principles-based approach. Measurement at fair value generally applies, except for instruments qualifying for amortised cost measurement according to two criteria:
- First, instruments must have cash flow rights consisting solely of payments of principal and interest (SPPI).
- Second, they must belong to a hold-to-collect business model
