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Balance Accounting for Financial Instruments Pursuant to IFRS 9 and IFRS 13

Balance Accounting for financial instruments in compliance with IFRS (International Financial Reporting Standards) is and remains one of the most complex challenges in international accounting.

As of 1 January 2018, financial instruments that are in IFRS-compliant financial statements must be accounted for in accordance with the provisions of IFRS 9.

This particularly affects the classification and valuation of financial assets | recognition of impairment losses | hedge accounting.

A few Facts

IFRS 7, 9, 13, Impairment, SPPI, IAS 39 for a measurement of profit/loss, hedge efficiency and reporting are part of the IFRS features offered in PMS.

IFRS 9 deals with the accounting requirements for the recognition and measurement as well as the disclosure of financial information on financial assets and financial liabilities.

Under IFRS, a financial instrument is defined as a contract that results in a financial asset in one company and at the same time in a financial liability or equity instrument of another company.

The range of functions in PMS include IFRS categorisations and recategorisations, profit & loss measurement, measurement at fair value and amortised cost, hedge accounting, the documentation and creation of corresponding booking records etc.