AC2101 S1 2014 Seminar 10 FA.pptx

Phase 1 classication and measurement of nancial

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Unformatted text preview: AR 2012 8 4 28/8/13 DBS – AR 2012 9 Looking ahead to… IFRS 9 and other changes to financial instrument accounting 10 5 28/8/13 Problems with Current FRS 39 Complexity of FRS 39 interpretations/requirements 1.  Too many classification categories 2.  Complex &/or different rules for *  Impairment *  Derecognition *  Embedded derivatives 3.  Arbitrary rules with no justification in economic substance of transactions *  Recycling *  No rever...
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This document was uploaded on 02/10/2014.

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