Regnskabsmæssig behandling af afledte finansielle instrumenter efter IFRS 9 og forskelle til Årsregnskabsloven

Muhammad Ismaeel Rasul

Student thesis: Diploma thesis


The International Accounting Standards Board has in 2014 implemented IFRS 9 which replaces IAS 39 on the recognition and measurement of financial instruments. The development of IFRS 9 was divided into three phases:  Phase 1: Recognition and measurement of financial instruments  Phase 2: Impairment of financial instruments  Phase 3: Hedge accounting The purpose of this thesis is to initially obtain an understanding of which general circumstances and reasons have resulted in the need of a new standard regulating financial instruments, though not to perform a detailed comparative analysis of IAS 39 and IFRS 9. The thesis concludes that risk management and hedge accounting is a topic of area which rises severe attention on the agenda of the corporate world, which wasn’t as popular when issuing IAS 39. IAS 39 has, especially after the financial crisis, been criticized of being strongly rigid rather than being principlebased which is the main principle in IFRS 9. In continuance of the above the main objective of this thesis is to provide users of financial statements guidance on how to account for hedging instruments in accordance with IFRS 9 and the Danish Financial Statements Act, and an overview of the main differences in these accounting frameworks. The thesis ends with an evaluation of how well the two accounting frameworks contributes to satisfactory information value to the users of financial statements. When examining the accounting of hedging instruments based on IFRS and the Danish Financial Statements Act it was concluded that IFRS provides a very detailed view of the Entity’s hedging activities in contrary to the Danish Financial Statements Act which provides very limited information on the Entity’s hedging activities. Based on a cost-benefit analysis a discussion and proposal of changes has been made to regulations in the Danish Financial Statements Act distinguishing between the sizes of the reporting entities with the aim of providing better information of hedging activities in the financial statements.

EducationsGraduate Diploma in Financial and Management Accounting, (Diploma Programme) Final Thesis
Publication date2016
Number of pages82