IFRS 9 Measurement

Definition

Measurement in the IFRS 9 context denotes the activities (processes, methodologies) that assign monetary values to the assets and liabilities of the balance sheets of firms producing financial reports following the standard. Measurement is one of the two pillars of the IFRS 9 accounting framework (the other being IFRS 9 Classification.

Measurement Framework Elements

• Initial Measurement, when an asset or liability is first recognized
• Measurement of financial assets
• Measurement of financial liabilities
• Amortised cost measurement
• Impairment
• Reclassification of financial assets
• Gains and losses

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