IFRS newsletter - English - June 2009

Its decision to focus on derecognition before the recognition and measurement of financial assets is undoubtedly related to the financial crisis and the resultant pressure brought to bear on the Board from all sides. In this issue of Beyond the GAAP, we
outline the key principles of the exposure draft. In their current state, the proposals would result in the derecognition of many financing transactions carried out by banks (repos). Meanwhile, transfers of trade receivables would rarely result in derecognition. Such an outcome will doubtless provoke a lot of debate.
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