中国领先ACCA培训中心，官方认可黄金级机构http://Acca.Gaodun.Cn高顿ACCA研究中心：中国上海虹口区中山北一路369号课程咨询：上海虹口021-61999158上海徐汇021-61679188远程课程：021-60520476HowisIAS39tobereplacedbyIFRS9?-RelevanttopaperP2Asoneofitsimportantprojects,IASBhavebeingworkingonIFRS9sincetheyearof2005.Althoughnotcompleted,theprojecttowardsreplacingIAS39withIFRS9hasgotseveralachievements.ThisarticleaddressesthemethodofreplacingIAS39.TheBoard’sapproachtoreplacingIAS39TheBoardintendsthatIFRS9willultimatelyreplaceIAS39initsentirety.However,inresponsetorequestsfrominterestedpartiesthattheaccountingforfinancialinstrumentsshouldbeimprovedquickly,theBoarddivideditsprojecttoreplaceIAS39intothreemainphases.AstheBoardcompleteseachphase,itwilldeletetherelevantportionsofIAS39andcreatechaptersinIFRS9thatreplacetherequirementsinIAS39.InApril2009,inresponsetotheinputreceivedonitsworkrespondingtothefinancialcrisis,andfollowingtheconclusionsoftheG20leadersandtherecommendationsofinternationalbodiessuchastheFinancialStabilityBoard,theBoardannouncedanacceleratedtimetableforreplacingIAS39.ThethreemainphasesoftheBoard’sprojecttoreplaceIAS39are:(a)Phase1:Classificationandmeasurementoffinancialassetsandfinancialliabilities.AsaresultoftheacceleratedtimetableforreplacingIAS39,inJuly2009theBoardpublishedanexposuredraftFinancialInstruments:ClassificationandMeasurement,followedbythefirstchaptersofIFRS9FinancialInstrumentsinNovember2009.ThefirstchaptersofIFRS9relatetotheclassificationandmeasurementoffinancialassets.Thosechaptersrequireallfinancialassetstobeclassifiedonthebasisoftheentity’sbusinessmodelformanagingthefinancialassetsandthecontractualcashflowcharacteristicsofthefinancialasset.Assetsareinitiallymeasuredatfairvalueplus,inthecaseofafinancialassetnotatfairvaluethroughprofitorloss,particulartransactioncosts.Assetsaresubsequentlymeasuredatamortisedcostorfairvalue.InOctober2010theBoardaddedtoIFRS9therequirementsrelatedtotheclassificationandmeasurementoffinancialliabilities.Thisincludesrequirementsonembeddedderivativesandh