Hi all ,
just started my reading with intercorporate investments and i am kind of confused if we need to follow ifrs 9 or ias 39 in the exam or would it be specified in the question ?
Regards,
Fudge
IAS 39 is still valid, while IFRS 9 will official start binding in 2018. Although company may apply IFRS 9 before 2018. There are some areas that are, such to say updated in IFRS 9 compared to IAS 39, but for the purposes of examination I think it should not be a issue. Just learn an interpretation and application of standard by CFA curriculum and this not supposed to be a problem. Can you say which specific dilemma you have found that with different interpretation of the IAS39 related to IFRS 9?