Salient differences between IAS 39 and IFRS 9

Parameter

IAS 39

IFRS 9

Name

Financial Instruments:
Recognition and Measurement

Financial Instruments

Applicability

Currently effective

Effective from 1st Jan 2013 with early

adoption permitted

Scope

All aspects of Financial

assets & Financial Liabilities
including hedge accounting

Only Financial assets included.

Presently the standard does not
include Financial liabilities,
derecognition of
financial instruments, impairment and
hedge accounting