The most complex of the current IFRS standards is IAS 39 Financial instruments – Recognition and Measurement.
For a long time most people have said that it needed replaced, but the impetus really came from the financial crisis of 2008 when its weaknesses were cruelly highlighted. Since then a major project has been put in place to replace IAS 39, and this culminated in the release of IFRS 9 in July 2014.
Although IFRS 9 is not mandatory until years commencing on or after 1st January 2018 (subject to EU endorsement) its introduction will be a huge exercise. Some financial institutions have said that the implementation of IFRS 9 is an even bigger exercise than the initial introduction of IFRS for years commencing on or after 1st January 2005!
Which is why, at Kaplan we want to ensure that you are fully aware of the impacts of the changes and would like to invite you watch the recording of our FREE webinar to help you understand the implications.
Join us as we address:
- The background to the changes
- The key changes introduced by the new standard
- How the changes will impact your organisation
- Implementation issues
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