Classification and Measurement under IFRS 9: A Commentary and Suggestions for Future Research

Erlend Kvaal; Edgar Loew; Zoltan Novotny-Farkas; Argyro Panaretou; Annelies Renders; Peter Sampers

doi:10.1080/17449480.2023.2253808

Classification and Measurement under IFRS 9: A Commentary and Suggestions for Future Research

Erlend Kvaal, Edgar Loew, Zoltan Novotny-Farkas, Argyro Panaretou, Annelies Renders^*, Peter Sampers

^*Corresponding author for this work

Research output: Contribution to journal › Article › Academic › peer-review

Abstract

This paper discusses several issues that were raised by the International Accounting Standards Board (IASB) in their request for information for the post-implementation review (PIR) of the International Financial Reporting Standard (IFRS) 9: Financial instruments - Classification and Measurement. In doing so, we first review the related academic literature and present empirical evidence on the post-adoption impact of IFRS 9. We then discuss conceptual issues associated with the business model and cash flow characteristics assessment in IFRS 9, as well as issues associated with the presentation of fair value changes in other comprehensive income (OCI) and modifications to contractual cash flows. Finally, we identify gaps in the literature and provide suggestions for future research that can help inform accounting standard setters.

Original language	English
Number of pages	22
Journal	Accounting in Europe
DOIs	https://doi.org/10.1080/17449480.2023.2253808
Publication status	E-pub ahead of print - 1 Sept 2023

Keywords

IFRS 9
fair value accounting
business model
cash flow characteristics
future research
CORPORATE SOCIAL-RESPONSIBILITY
FOR-SALE SECURITIES
FAIR-VALUE
COMPREHENSIVE INCOME
CREDIT RISK
STRUCTURAL MODELS
MARKET VALUATION
COMMERCIAL-BANKS
LOSSES
VALUES

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10.1080/17449480.2023.2253808Licence: CC BY-NC-ND

Cite this

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title = "Classification and Measurement under IFRS 9: A Commentary and Suggestions for Future Research",

abstract = "This paper discusses several issues that were raised by the International Accounting Standards Board (IASB) in their request for information for the post-implementation review (PIR) of the International Financial Reporting Standard (IFRS) 9: Financial instruments - Classification and Measurement. In doing so, we first review the related academic literature and present empirical evidence on the post-adoption impact of IFRS 9. We then discuss conceptual issues associated with the business model and cash flow characteristics assessment in IFRS 9, as well as issues associated with the presentation of fair value changes in other comprehensive income (OCI) and modifications to contractual cash flows. Finally, we identify gaps in the literature and provide suggestions for future research that can help inform accounting standard setters.",

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AU - Kvaal, Erlend

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AU - Panaretou, Argyro

AU - Renders, Annelies

AU - Sampers, Peter

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KW - LOSSES

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