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20 December 2018 Illustrative disclosures under IFRS 7R for hedge accounting and the aligned market risk for entities opting to continue to apply hedge accounting under IAS 39 in their IFRS 9 financial statements IFRS 9 Financial Instruments (IFRS 9 or the standard) has replaced IAS 39 Financial Instruments: Classification and Measurement for annual periods on or after 1 January 2018. In addition, in order to reflect the differences between IFRS 9 and IAS 39, IFRS 7 Financial Instruments: Disclosures has also been updated. IFRS 9 provides entities with an option to continue to apply hedge accounting in accordance with IAS 39, but even entities that elect to do so are required to comply with the more detailed hedge accounting disclosure requirements of the updated IFRS 7. The purpose of the publication is to provide a practical working model of the new hedge accounting disclosures for entities opting to continue to apply hedge accounting under IAS 39 when adopting IFRS 9. Document ID: 2018-6562 |
