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    The accounting for financial obligations at fair value through profit or loss will only change according to IFRS 9's criteria, so there will be no impact on how entities account for financial liabilities. IFRS 9 also requires a new cash flow hedge model that is easier to use and directly related to risk management, with improved disclosures but lower implementation costs. However, one company has not yet assessed how the new hedge accounting technique taking effect in 2018 will impact its financial statements. Loans and receivables are excluded from the list of financial assets accounted for at fair value through profit or loss.

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    The accounting for financial obligations at fair value through profit or loss will only change according to IFRS 9's criteria, so there will be no impact on how entities account for financial liabilities. IFRS 9 also requires a new cash flow hedge model that is easier to use and directly related to risk management, with improved disclosures but lower implementation costs. However, one company has not yet assessed how the new hedge accounting technique taking effect in 2018 will impact its financial statements. Loans and receivables are excluded from the list of financial assets accounted for at fair value through profit or loss.

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    12 views1 page

    Accounting For Entity

    Uploaded by

    Study secrets
    The accounting for financial obligations at fair value through profit or loss will only change according to IFRS 9's criteria, so there will be no impact on how entities account for financial liabilities. IFRS 9 also requires a new cash flow hedge model that is easier to use and directly related to risk management, with improved disclosures but lower implementation costs. However, one company has not yet assessed how the new hedge accounting technique taking effect in 2018 will impact its financial statements. Loans and receivables are excluded from the list of financial assets accounted for at fair value through profit or loss.

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    © All Rights Reserved
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    The accounting for financial obligations provided at FV via PL will only be changed in accordance with

    IFRS 9's criteria. Consequently, there won't be any impact on how an entity accounts for its financial
    liabilities (ARB Corporation, 2017).

    According to the requirements of IFRS 9, a new model for cash flow hedges that is straightforward to use
    and directly related to risk management must be developed. The model requires more thorough
    disclosures, but the implementation costs will be lower. As a result, the company hasn't yet assessed
    how this new hedge accounting technique, which will take effect on January 1 of 2018, will affect its
    financial statements.

    Loans and receivables are examples of financial assets that are excluded from the list above.

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