PwC Alert (Issue 123): Embracing the new financial instruments standard – MFRS 9

This Alert talks about MFRS 9, which will replace the existing MFRS 139 “Financial Instruments: Recognition and Measurement” from 1 January 2018.

It discusses the key changes introduced by MFRS 9 in relation to:

the classification and measurement of financial assets
accounting for changes in 'own credit risk' in financial liabilities
the impairment model
hedge accounting

It also highlights the implementation challenges which may arise.

PwC Alert is a digest of topical financial and business information for clients and business associates of PwC Malaysia. Whilst every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PwC Associates Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.

Download PwC Alert (Issue 123): Embracing the new financial instruments standards - MFRS 9

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