IAS 39 bliver til IFRS 9: Konsekvensen af ændringerne for finansielle aktiver med hensyn til simplifikation og informationsnytte

Mariam Mani & Josephine Holm Henriksen

Student thesis: Master thesis


The area of financial instruments includes a high level of complexity. Therefore the International Accounting Standards Board (IASB) has been put into action to replace the existing standard apply-ing to financial instruments, IAS 39. The new standard is named IFRS 9 – Financial Instruments and is expected to be effective as of January 1, 2013. The IASB have decided to divide the project into three phases. As the IASB completes each phase, it will delete the relevant part of IAS 39 and will end up replacing IAS 39. The first phase of the project is already completed and has resulted in IFRS 9 that will apply to all financial assets within the scope of IAS 39. Because of the high level of complexity surrounding financial instruments it is within the purpose of changing this standard, that the changes will simplify the existing rules in IAS 39. At the same time the new standard need to provide the users of financial statements with more useful informa-tion. The objective of this thesis is to evaluate if these purposes are met in the new IFRS 9. The the-sis expands on the following principal hypothesis: “The consequences of the changes from IAS 39 to IFRS 9 will result in a simplification of the re-quirements for classification and measurement of financial assets regarding Danish entities and increased useful information for users of financial statements.” This thesis applies the IFRS Framework’s definition of the user of financial statements regarding the information these needs in accordance with making decisions. Thus, the new requirements of classifying and measuring financial assets are evaluated based upon the effect of the user’s value of these requirements. But the thesis also applies expert’s opinions to evaluate the use of the new re-quirements with respect to preparers of financial statements. The expert opinions are illustrated in both the use of comment letters from relevant parties and in an interview with an expert of financial instruments. Furthermore we will prepare a comparative analysis of the classification and measure-ment requirements of IAS 39 and IFRS 9 to assess the essential changes of these requirements. We conclude that the changes in requirements of classification and measurement from IAS 39 to IFRS 9 have simplified the areas of understanding, applying and interpreting the new requirements of IFRS 9. Furthermore we conclude that the changes in accordance with financial assets increases the amount of useful information provided the user of financial statements.

EducationsMSc in Auditing, (Graduate Programme) Final Thesis
Publication date2010
Number of pages137