Comparison of IAS 39 and IFRS 9: The Analysis of Replacement
Comparison of IAS 39 and IFRS 9: The Analysis of Replacement
Author(s): Mojca GornjakSubject(s): Business Economy / Management, International relations/trade, Financial Markets, Accounting - Business Administration
Published by: Mednarodna fakulteta za družbene in poslovne študije
Keywords: international financial reporting standards; IFRS 9; expected credit loss; business model; impairment;
Summary/Abstract: The financial crisis had an impact on international financial reporting standards. The International Accounting Standards Board (IASB) prepared a new standard for financial instruments. The replacement changes the view to accounting data in financial statements and changes the view to data in organizations, especially banks, and financial institutions. Historical prices are replaced with expectation in the future, which is not anymore a decision of the managers but has its basis on business operations.
Journal: International Journal of Management, Knowledge and Learning
- Issue Year: 6/2017
- Issue No: 1
- Page Range: 115-130
- Page Count: 16
- Language: English