An executive summary of IFRS 9 Financial Instruments

Financial instruments are neither the taboo phrase it used to be, nor do they only appear on the statements of financial position (formerly ‘balance sheets’) of listed entities and large financial institutions, such as banks.

Financial instruments need not be complex instruments and can present in simpler agreements such as:

• Shareholders’ loans.
• Investments in or the issue of preference shares.
• Loans and bonds incurred or granted.
• Trade receivables and payables etc.

IFRS 9 Financial Instruments supersedes IAS 39 Financial Instruments: Recognition and Measurement and applies to the recognition and measurement of financial instruments within the scope of the standard.

IFRS 9 also contains the revisions related to the impairment of financial assets.

Join Anton van Wyk CA(SA) for this CPD event in which you will receive a one-hour executive briefing on IFRS 9 and walk away having had a good exposure to its underlying principles.