IFRS 9

The United Arab Emirates (UAE) maintains a robust financial reporting framework to ensure transparency and investor confidence. A critical element within this framework is the CPC 48 standard, which works in tandem with the international standard, IFRS 9. Both standards focus on the accounting treatment of financial instruments, with a particular emphasis on Expected Credit […]

In recent years, the United Kingdom has faced a persistent challenge with services inflation, which remains stubbornly high at 6%, even as the overall inflation rate has declined. This phenomenon is driven by several key factors, each contributing to the steady rise in the cost of services and, consequently, exerting significant pressure on household budgets […]

The International Accounting Standards Board (IASB) is taking a step forward in addressing the growing use of Renewable Energy Power Purchase Agreements (PPAs). These agreements, crucial for securing a stable supply of renewable electricity, pose unique accounting challenges due to the variable nature of renewable energy sources like sun and wind (excluding biomass and hydro). […]

The International Financial Reporting Standards (IFRS) continue to evolve, with IFRS 19 being the latest addition issued in May 2024. Unlike its predecessors, IFRS 19 is a disclosure-only standard that promises to revolutionize the way organisations approach financial reporting. This controversial standard is set to both simplify and complicate financial disclosures, depending on whom you […]

In the evolving landscape of financial regulation, IFRS 9 has introduced significant changes, particularly in the way financial assets are measured and reported. To understand the impact of these changes on Nigerian banks, I undertook an in-depth analysis using advanced data analysis techniques. This study focused on four major Nigerian banks: Access Bank, UBA, GTBank, […]

The world of financial reporting is abuzz with discussions around IFRS 9. Often labeled as a complex and burdensome standard, it’s easy to dismiss it as a “necessary evil.” But let’s delve deeper and see if IFRS 9 is truly a villain or a transparency champion. The Pre-IFRS 9 Era: A Clouded Picture Prior to […]

The International Accounting Standards Board (IASB) has recently taken proactive steps to address the accounting challenges posed by renewable electricity contracts, aiming to ensure financial statements accurately reflect their impact on companies. Understanding the Proposal Renewable electricity contracts, including power purchase agreements (PPAs), play a vital role in securing access to renewable energy sources. However, […]

In the realm of banking and financial management, the Risk-Adjusted Return On Capital (RAROC) stands as a vital metric, offering insight into the efficiency and profitability of financial assets while considering the associated risks. Under the International Financial Reporting Standard 9 (IFRS 9), understanding RAROC becomes even more crucial due to its emphasis on expected […]

In the ever-evolving world of financial reporting, ensuring accurate and timely recognition of asset quality is paramount. IFRS 9, the international standard for financial instruments, plays a crucial role in this regard. This article delves deep into the concept of Significant Increase in Credit Risk (SICR) and its implications for the transition from Stage 1 […]

The United Arab Emirates (UAE) has established itself as a global financial hub. With its strategic location, strong infrastructure, and commitment to innovation, the UAE attracts significant foreign investment. However, this growth also brings heightened risks of money laundering and terrorist financing. To combat these threats and maintain its financial integrity, the UAE enforces strict […]