Comparison of IAS 39 and IFRS 9: The Analysis of Replacement

Mojca Gornjak
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Mojca Gornjak: International School of Social and Business Studies, Slovenia

International Journal of Management, Knowledge and Learning, 2017, vol. 6, issue 1, 115-130

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.

Keywords: international financial reporting standards; IFRS 9; expected credit loss; business model; impairment (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (5)

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