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In July 2014, the IASB (International Accounting Standards Board) published the fourth and final version of IFRS 9 Financial Instruments that replaces IAS 39.

This is the conclusion of a major project started in 2002 as part of the Norwalk Agreement between the IASB and US Financial Accounting Standards Board (FASB) to reform financial instruments accounting.

A document is now available for SAP® Financial Consolidation starter kit for IFRS users to help them consider the transition to IFRS 9. This document firstly presents a brief overview of IFRS 9. It then focuses on the main changes non-financial corporates will have to face when adopting IFRS 9. The last part is dedicated to the expected impacts on the SAP Financial Consolidation starter kit for IFRS.

The comprehensive document can be consulted here.

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