Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 46

IFRS CORNER

- IASB

proposes amendment to IFRS
9 on measuring instruments
with negative compensation
prepayment features

On 21 April 2017, the International Accounting Standards
Board (IASB) issued exposure draft (ED) Prepayment Features with Negative Compensation (Proposed amendments
to IFRS 9).

The ED proposes a narrow-scope amendment to IFRS 9
Financial Instruments (IFRS 9) so that certain financial
assets with an early prepayment feature that can give rise
to compensation to the party triggering the option could be
eligible to be measured at amortised cost or at fair value through other comprehensive income.
The amendment also clarifies that prepayment of a debt instrument at its current
fair value would not be regarded as reasonable compensation. This would also
apply to instruments where only the lender is compensated for early termination.

LE MAGAZINE DU TRESORIER / TREASURER MAGAZINE

-

N°98

- JULY /

AUG / SEP 2017

Similar to the effective date of IFRS 9, the proposed effective date for this amendment is for annual periods beginning on or after 1 January 2018 with retrospective
application required.
Earlier application is permitted, if IFRS 9 is also applied early in its entirety.

46

On 31 March 2017, the International Accounting Standards Board (IASB or Board)
issued the discussion paper, Disclosure
Initiative-Principles of Disclosure (DP). The
Principles of Disclosure project is one of
four that make up the Disclosure Initiative.
The DP seeks feedback on disclosure issues
identified by the Board and on its preliminary
views on how to address them.

- DISCLOSURE
INITIATIVE
Principles of Disclosure

In an attempt to seek ways to enhance communication in
financial reporting, the IASB has made Better Communication
in Financial Reporting a central theme of its agenda for 2017
to 2021. The Disclosure Initiative aims to address how the
effectiveness of disclosures in IFRS financial statements can
be improved. In addition to the Principles of Disclosure project,
the other three projects are, as follows:
* Materiality - The IASB is developing clarifications on the
definition and application of materiality.
* Materiality Practice Statement - In 2015, the IASB
published an exposure draft of a Practice Statement on
materiality. The final Statement is expected within the next
few months and will look at the general characteristics of
materiality and provide guidance on making judgements
about materiality when presenting and disclosing information in financial statements.
* Standards-level review of disclosures - This project is to
develop a drafting guide for the Board's use when setting
disclosure requirements in new and amended standards.
Disclosure requirements in existing standards may be
reconsidered to improve disclosure effectiveness.

The following two projects have already been completed as
part of the initiative:
* Narrow-scope amendments to IAS 1 Presentation of Financial Statements - In 2014 the IASB made certain amendments to help entities apply judgement when preparing
their financial statements.
* Amendments to IAS 7 Statement of Cash Flows - The
amendments issued in January 2016 require disclosure of
changes in liabilities arising from financing activities.
In addition to the Disclosure Initiative, the IASB is examining
possible changes to the structure and content of primary
financial statements in its Primary Financial Statements project. The Board is also revising the Conceptual Framework for
Financial Reporting (the Conceptual Framework) in a separate
project in order to improve financial reporting by providing a
more complete, clear and updated set of concepts.

Renaud Breyer
Executive Director
IFRS
EY Luxembourg



Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017

Table of Contents for the Digital Edition of Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017

COUVERTURE
SOMMAIRE
EDITORIAL
FINANCIAL HIGHLIGHTS Luxembourg Tax News
INTERVIEW with Sue Dean - Manager Director, Head of EMEA Treasury Services, J.P Morgan
FOCUS
How to attract and then retain talented young people to careers as treasurers?
Selecting your bank could be a challenge
Planning corporate reorganisations in credit agreements
FORUM
Repo markets and corporate practice
Cyber attaques en chaîne
Investir dans un contexte de remontée des taux d'intérêt?
Results and analysis of the EY Survey
THE FINANCIAL RISK OBSERVATORY
NEWS
LIFE BEYOND NUMBERS
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - COUVERTURE
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 2
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - SOMMAIRE
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 4
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - EDITORIAL
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - FINANCIAL HIGHLIGHTS Luxembourg Tax News
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 7
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - INTERVIEW with Sue Dean - Manager Director, Head of EMEA Treasury Services, J.P Morgan
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 9
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 10
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 11
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - How to attract and then retain talented young people to careers as treasurers?
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 13
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 14
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 15
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - Selecting your bank could be a challenge
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 17
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - Planning corporate reorganisations in credit agreements
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 19
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 20
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 21
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 22
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - Repo markets and corporate practice
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 24
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 25
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - Cyber attaques en chaîne
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 27
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - Investir dans un contexte de remontée des taux d'intérêt?
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 29
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - Results and analysis of the EY Survey
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 31
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 32
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 33
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 34
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - THE FINANCIAL RISK OBSERVATORY
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 36
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 37
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 38
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - NEWS
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 40
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 41
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 42
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 43
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 44
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 45
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 46
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 47
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 48
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - LIFE BEYOND NUMBERS
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 50
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 51
Trésorier/Treasurer magazine - N°98 - July/Aug/Sep 2017 - 52
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