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Forward-looking approach in the accounting of financial instruments: case study of Slovenian Pension Company

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  • Mojca Gornjak

Abstract

The replacement of IFRS standard for financial instruments has an impact on new definitions of business models, on new forward-looking approach for measurement of financial instruments, like equities or bonds and on new loss allowance provisions with lowering the figures. The comparison between IAS 39 and IFRS 9 is essential because of the disclosures of the compared figures in the annual reports. The replacement is actual in more than 140 countries, where the organisations do the accounting under IFRS. We expect the innovativeness in accounting in the sense of implementing future expectation not only in daily operations but also in strategic levels. The model of expected credit losses (ECLs) affects organisations' performance as we shown in the case study research. The contribution to the management accounting is in defining the approach of the replacement of the IAS 39 with IFRS 9 and calculating the effects on financial statements and shareholders' values.

Suggested Citation

  • Mojca Gornjak, 2019. "Forward-looking approach in the accounting of financial instruments: case study of Slovenian Pension Company," International Journal of Innovation and Learning, Inderscience Enterprises Ltd, vol. 26(1), pages 27-43.
    • Handle: RePEc:ids:ijilea:v:26:y:2019:i:1:p:27-43
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    Cited by:

    1. Olha Lukova, 2021. "Expert Verification of Accounting Information on Financial Instruments for Solving Economic Crimes," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 101-114, March.

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