AASB 9 Financial Instruments

AASB 9 Financial Instruments is an Australian accounting standard that guides how companies classify, measure, and report their financial assets and liabilities. It aims to provide more accurate and timely information about financial risks and performance, especially around loans, investments, and derivatives. The standard introduces new rules for recognizing impairment losses and simplifying hedge accounting, helping users understand a company’s financial health more reliably. Overall, it enhances transparency and consistency in financial reporting related to financial instruments.