IFRS 9 Objectives & Overview

IFRS 9 Objectives & Overview

The objective of IFRS 9 Financial Instruments is to establish principles for the financial reporting of financial assets and liabilities. In this video, Saket explains what these principles are and how each provide useful information to users of financial statements for their assessment of the amounts, timing and uncertainty of an entity’s future cash flows.
Overview

The objective of IFRS 9 Financial Instruments is to establish principles for the financial reporting of financial assets and financial liabilities that will present relevant and useful information to users of financial statements for their assessment of the amounts, timing and uncertainty of an entity’s future cash flows.

Key learning objectives:

  • What is the objective of IFRS 9, and what does it cover?

  • How are financial assets/liabilities measured and classified?

  • What are the three approaches to applying the IFRS 9 expected credit loss model?

  • What are the three types of hedges in IFRS 9?

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Summary
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Expert
Saket Modi

Saket Modi

Saket is a financial trainer and consultant based out of London. He specialises in advanced accounting, financial reporting and financial analysis, particularly with regards to International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS) and Financial instruments.

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