EBI Publications

Accounting Standards Board (IASB) published the complete version of IFRS 9,financial Instruments, which replaces most of the guidance in IAS 39. Why the transition to IFRS 9 ? IAS 39 standard, entered into force on January 01, 2001, addressed the recognition and measurement of financial instruments (Assets, liabilities, derivatives),hedging transactions and derecognition rules of financial assets and liabilities. The general principle underlying the standard IAS 39 is the fair value measurement of financial assets and liabilities. IFRS9 Financial Infos Issue (32) As a result of the financial crisis of 2008, the Financial Accounting Standards Board (FASB) decided to revise their accounting standards for financial instruments to address perceived deficiencies which were believed to have contributed to the magnitude of the crisis. The objective of these international financial reporting standards (IFRS) is to standardize the presentation of accounting data internationally exchanged. On July 24,2014 the international