Ifrs 9 silvia pinal biography

At the moment you start selling on credit and issue invoices, you acquire the financial instruments — trade receivables. And yes, IFRS 9 applies here. However, as I want to help you understand and smoothly implement IFRS 9, a few articles dealing with the specific topics were published on CPDbox — you can see their full list here. If you enjoy the video learning more than reading, then please scroll down and watch the video with the summary of IFRS 9.

IFRS 9 establishes principles for the financial reporting of financial assets and financial liabilities.

Ifrs 9 silvia pinal biography: Silvia Pinal frente a ti. 7,

You should recognize a financial asset or a financial liability in the statement of financial position when the entity becomes a party to the contractual provisions of the instrument please refer to IFRS 9 par. Transfers of financial assets are discussed in more details and to sum it up, you need to go through the following steps:.

Transfers of financial assets are then discussed in much greater detail in IFRS 9 and also, application guidance summarizes the derecognition steps in a simple decision tree. You can familiarize yourself with the decision tree in the video below this summary. An entity shall derecognize a financial liability when it is extinguished. Examples: debt securities, receivables, loans.

IFRS 9 mentions separately some other types of financial liabilities measured in a different way, such as financial guarantee contracts and commitments to provide a loan at a below market interest rate, but here, we will deal with 2 main categories.