The impact of adopting IFRS9on measuring the financial instruments of the listed conventional banks at Damascus Security Exchange (Empirical study)


Abstract in English

This study highlights the effects of adopting the International Financial Reporting Standard No. 9 (IFRS9) on measuring the financial instruments of the conventional listed banks at Damascus Security Exchange (DSE) which reached to eleven banks through an analysis of the financial statements of these banks before and after the adoption in two scenarios as follow: 1- To reclassify all available for sale (AFS) financial instruments under the fair value through profit orloss (FVTPL) category as held for trading instruments. 2- To reclassify all debt instruments under amortized costs as held to maturity (HTM) instruments and to reclassify the equity instruments under the FVTPL.

References used

Emil Linde & Jesper Moller Pedersen, a comparative analysis between IAS 39 & IFRS 9 – Copenhagen Business School – 2011
International Accounting Standards Board- IFRS9 Financial Instruments Part 1: Classification And Measurement, - November 2009
Nicolas Scrodle, Christian Klein – IFRS and the Complexity Hurdle - university of Hohenheim, Stuttgurt, Germany 2011

Download