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Finturment Nin

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1.Background introduction

International accounting standards advance with the times. Here, changes in accounting standards again:
The International Accounting Standards Board (IASB) first issued IFRS 9 Financial Instruments in November 2009, which dealt with the classification of financial assets and aspects of their measurement (Anna-Maija Lantto, Petri Sahlstrom, 2009). Consequently, the AASB first issued AASB 9 Financial Instruments in December 2009. After that, the IASB re-issued IFRS 9 in October 2010, setting out requirements for the classification, and aspects of measurement, recognition and derecognition of both financial assets and financial liabilities. Most of the requirements for financial liabilities were carried forward unchanged from IAS 39. However, some changes were made to the fair value option for financial liabilities to address the issue of own credit risk. The AASB re-issued AASB 9 Financial Instruments, which incorporates IFRS 9 Financial Instruments, in December 2010.本文由优质文化有限责任公司整理提供。阅读更多原创的文章,请点击www.youzhiwenhua.com专业的毕业论文代写论文代写代写论文留学生论文代写代写留学生论文代写法语论文代写日语论文代写韩语论文文化网站QQ527510459 TEL15982106398
The requirements in AASB 9 (as issued in December 2010) arise from the completion of the first phase of the IASB’s project to replace IAS 39 Financial Instruments: Recognition and Measurement, which is incorporated in AASB 139 Financial Instruments: Recognition and Measurement (Houston, R.W. Peters, M.F. and Pratt, J.H., 1999).The objective of this whole project is to improve the usefulness for users of financial statements by simplifying the classification and measurement requirements for financial instruments.
So, we will be wondering what is wrong with the IAS\AASB 139 which has given rise to IFRS\AASB 9. And, how the future application of IFRS\AASB 9 will impact on the accounting for financial instruments in financial

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