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What is 6 SA - Aug11 - IFRS9 about?
IFRS 9, Financial Instruments, replaces IAS 39 and introduces new classifications for financial assets and liabilities, emphasizing fair value accounting. Effective from January 1, 2013, it simplifies the classification of financial assets to three categories and incorporates impairment reviews for assets measured at fair value. While IFRS 9 improves the accounting for financial assets, the treatment of financial liabilities remains largely unchanged.
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- ngocntb071090
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- EN