IFRS 9 Insights

What is IFRS 9?

IFRS 9 Financial Instruments is an international accounting standard that addresses the accounting for financial instruments. It covers classification and measurement, impairment, and hedge accounting. It replaces IAS 39 Financial Instruments: Recognition and Measurement. IFRS 9 is commonly used by companies around the world to report their financial performance in a consistent and comparable manner. It affects banks, insurers, and other financial institutions, as well as non-financial companies that hold financial assets or liabilities.

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What other technologies are related to IFRS 9?

IFRS 9 Complementary Technologies

FINREP

FINREP (Financial Reporting) is a reporting framework often used in conjunction with IFRS standards. It provides templates and guidelines for reporting financial information prepared under IFRS, including IFRS 9, to regulatory bodies. It complements IFRS 9 by providing the structure for reporting IFRS 9-related data.

mentioned alongside IFRS 9 in 28% (54) of relevant job posts

SAP

SAP is an ERP system that can be used to implement and manage IFRS 9 compliance. It offers modules and functionalities to handle financial instruments and reporting requirements under IFRS 9. It is a strong complement.

mentioned alongside IFRS 9 in 0% (69) of relevant job posts