PPT-From IAS 39 to IFRS 9: A Paradigm Change

F Montes Negret FinSAC Coordinator Vienna October 21 2014 Introduction Welcoming Remarks We are certainly living in interesting times Major changes in the accounting regulatory and institutional frameworks worldwide and in particular in the EU following the crisis. IFRS Developments Investment entities the plot thickens What you need to know The following are tentative decisions made by the IASB at the May and June An entity is no longer required to meet The nature of reality. .. (. 53 . slides). . Creatively . compiled by. dr. . michael. . farnworth. Adam Smith: . The Power of the Mind. , page 19. “. The paradigm is a shared set of . ey.com/IFRS Issue 105 / April 201 5 IFRS The ITG discusses IFRS 9 impairment implementation issues What you need to know  At i t s meeting held in April 2015, the ITG discussed a number o IFRS Developments IASB and FASB decide to make more changes to their new revenue standards What you need to know The IASB and the FASB agreed to amend the transition requirements in their ne PARADIGM. The way you see something,. your point of view,. frame of reference,. or belief.. Why are paradigms harmful to us?. Sometimes our paradigms are way off the mark and we end up creating limitations for . www.pwc.ie/banking. 22 October 2014. Agenda. Background to IFRS 9: The project and timetable for implementation. Classification and measurement. Overview of Expected credit losses in IFRS . 9. Implementation . Read article by Anne . Treisman. . Orienting Attention. Control of Attention. Major Distinctions:. Voluntary. Reflexive. Control of Attention. Major Distinctions:. Voluntary. Reflexive. Overt. Covert. ey.com/IFRS Issue 91 / Sept ember 2014 IFRS IASB concludes the 2012 - 2014 What you need to know  In September 2014, the IASB issued Annual Improvements to IFRSs 2012 - 2014 Cycle , whi 1. The . IFRS for SMEs. Topic 1.5. Sections 3–8, 10, 30, 32 and 33 Financial Statement Presentation. 2. © 2011 IFRS Foundation. 2. . This PowerPoint presentation was prepared by IFRS Foundation education staff as a convenience for others. It has not been approved by the IASB. . Gavin Aspden FCA. Director. PwC’s Academy. Transition. When does IFRS 9 become mandatory?. Annual periods beginning on or after 1 January 2018. Early adoption permitted but. Cannot early adopt earlier editions of IFRS 9 (since 1 February 2015). Taxonomy . 2014. . Wladek . Krawiec . IT . Project Manager – IFRS Taxonomy . © 201. 4. IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org. May. 2014. Agenda. The . IFRS Taxonomy. 1. The . IFRS for SMEs. Topic 1.5. Sections 3–8, 10, 30, 32 and 33 Financial Statement Presentation. 2. © 2011 IFRS Foundation. 2. . This PowerPoint presentation was prepared by IFRS Foundation education staff as a convenience for others. It has not been approved by the IASB. . www.pwc.com. IFRS 13 Fair Value Measurement. Objectives. Provide single source of guidance . Clarify definition of fair value. Provide clear framework for measuring fair value . Enhance fair value disclosures. The Benefits of Reading Books