What do you know about IFRS 9?

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IFRS 9 is a financial reporting standard for accounting of financial instruments. Deferred tax is an accounting concept that deals with the timing of tax payments. Accounting entries are the records of financial transactions. Derivatives are financial instruments that derive their value from an underlying asset.

IFRS 9 is a set of guidelines for accounting of financial instruments
Deferred tax is an accounting concept that deals with the timing of tax payments
Accounting entries are the records of financial transactions
Derivatives are financial instruments that derive their value from an underlying asset
Examples of derivatives include futures, options, and swaps