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IASB issues amendments to IFRS 9 and IAS 28
12 October 2017
The International Accounting Standards Board has issued amendments to IFRS 9 Financial Instruments and to IAS 28 Investments in Associates and Joint Ventures to aid implementation.
The amendments to IFRS 9 should allow companies to measure particular prepayable financial assets with so-called negative compensation at amortised cost or at fair value through other comprehensive income if a specified condition is met – instead of at fair value through profit or loss.
The amendments to IAS 28 clarify that companies account for long-term interests in an associate or joint venture – to which the equity method is not applied – using IFRS 9.
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