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30 October 2010

IASB: additions to IFRS 9 for financial liability accounting


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Der IASB hat Anforderungen an die Rechnungslegung für Finanzschulden veröffentlicht. Diese Anforderungen werden zu den IFRS 9 Finanzinstrumenten hinzugefügt und komplimentieren die Klassifizierungs- und Bewertungsphase des IASB-Projektes mit dem Ziel die ‚IAS 39 Finanzinstrumente: Ansatz und Bewertung’ zu ersetzen.


The new requirements address the problem of volatility in profit or loss (P&L) arising from an issuer choosing to measure its own debt at fair value. This is often referred to as the ‘own credit’ problem.

In response to feedback received during its consultation process, the IASB decided to maintain the existing amortised cost measurement for most liabilities, limiting change to that required to address the own credit problem. With the new requirements, an entity choosing to measure a liability at fair value will present the portion of the change in its fair value due to changes in the entity’s own credit risk in the other comprehensive income (OCI) section of the income statement, rather than within P&L.

Commenting on the amendments, Sir David Tweedie, Chairman of the IASB, said: “The new additions to IFRS 9 address the counter-intuitive way a company in severe financial trouble can book a large profit based on its theoretical ability to buy back its own debt at a reduced cost.”

IFRS 9 applies to financial statements for annual periods beginning on or after 1 January 2013. Entities are permitted to apply the new requirements in earlier periods, however, if they do, they must also apply the requirements in IFRS 9 that relate to financial assets.
The second and third phases of IFRS 9 are concerned with accounting for the impairment of financial assets and hedge accounting. The IASB is aiming to complete those phases by 30 June 2011, by adding the impairment and hedge accounting requirements to IFRS 9 and, therefore, replacing IAS 39 in its entirety.

Press release


© IASB - International Accounting Standards Board

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