THE NEW APPROACH TO CLASSIFICATION OF FINANCIAL ASSETS ACCORDING TO IFRS

Наталья ДРАГОМИР Молдавская экономическая академия

Abstract

In this paper we analyse the approach to classification of financial assets according to the final version of IFRS-9 "Financial Instruments", published by the IFRS council in July 2014. Specifically, we examine the IFRS-9 in terms of the key changes and differences with respect to both the previous version of IFRS standards and the current IAS-39 "Financial Instruments: recognition and measurement" standard. Keywords: financial assets, business model, the contractual cash flows, amortized cost, fair value, time value of money, the basic credit agreement, the credit risk.