Thursday, May 4th, 2017
The IASB has proposed targeted amendments to IFRS 9, the financial instruments Standard. These changes would allow companies to measure certain prepayable financial assets with negative compensation at amortised cost.
The IASB introduced the amendments in response to feedback from the IFRS Interpretations Committee. Their goal is to improve the usefulness of information about these financial assets, as required under IFRS 9.
According to the IASB chair, the changes directly address concerns about accounting for prepayment options. They also reflect the Board’s broader commitment to support the implementation of major new Standards.
The Exposure Draft, Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9), is available online. Stakeholders can submit comments until 24 May 2017.
Source: IASB Website
Contact Us for more information.
