OVERVIEW IFRS 9 : FINANCIAL INSTRUMENTS (ED PSAK 71) · 31 Mar 2017 t r ED 71 5 Apr 2017 12 Apr ... IFRS dan PSAK hanya 1 tahun, ... for Sale yang ada di IAS 39/PSAK 55, dihilangkan

OVERVIEW IFRS 9 : FINANCIAL INSTRUMENTS (ED PSAK 71)

Oleh:

Ersa Tri Wahyuni, PhD.,CA.,CPA.,CPMA,CPSAK

1 TOT IAI KAPD FORUM AKUNTANSI KEUANGAN

AGENDA

Latar Belakang IFRS 9

Rencana Adopsi di Indonesia ED PSAK 71

Ruang Lingkup

Sekilas IFRS 9 : Klasifikasi dan Pengukuran

Sekilas IFRS 9 : Penurunan Nilai

Tidak membahas Lindung Nilai


MENGAPA MUNCUL IFRS 9?

IAS 39 sulit untuk diterapkan karena standarnya sangat kompleks

Krisis keuangan global tahun 2008, G20 meminta IASB untuk menyederhanakan standar untuk instrument keuangan

Sejak tahun 2008 IASB mulai mereview ulang standar untuk instrument keuangan bertujuan mengganti IAS 39 dengan standard yang baru.

IASB membagi project IFRS 9 menjadi 3 bagian

1. Klasifikasi dan Pengukuran

2. Penurunan Nilai

3. Akuntansi Hedging (Lindung Nilai)


IMPACT IFRS 9 TERHADAP PERBANKAN

Survey oleh Deloitte September 2015 :

Bank membutuhkan persiapan 3 tahun untuk pindah ke IFRS 9

Lebih dari 50% bank yang disurvey menyatakan bahwa provisi degan IFRS 9 akan naik sekitar 50%

70% responden menyatakan provisi untuk credit loss impairment akan lebih tinggi daripada yang diwajibkan oleh regulator

56% bank memiliki concern mengenai data rekonsiliasi kredit dan kualitas data untuk kredit.

85% respondent beranggapan provisi ECL akan lebih tinggi daripada ketentuan Basel 2, terutama untuk yang bucket 2


PERKIRAAN IFRS 9 ADOPTION DI INDONESIA

TOT IAI KAPD FORUM AKUNTANSI KEUANGAN 5

PEN

GESA

HA

N

PU

BLI

C

HEA

RIN

G

14 Sept

2016

10 Okt

2016

TU

TU

P

KO

MEN

TAR

31 Mar

2017

Ra

pa

t Tim

B:

Kom

enta

r ED

PSA

K 7

1

5 Apr

2017

12 Apr

2017

PEN

GESA

HA

N

Sosialisasi ED PSAK 71

sosialisasi, working group, analisa

tanggapan

PRINSIP UTAMA IFRS 9

Klasifikasi dan Pengukuran

• Klasifikasi berdasarkan karakteristik arus kas dan model bisnis perusahaan dlm pengelolaan asset

Penurunan Nilai

• Expected Loss Model

Akuntansi Hedging

• Menghubungkan akuntansi dengan rmanajemen risiko


TANGGAL EFEKTIF IFRS 9

IFRS 9 secara keseluruhan berlaku efektif mulai 1 Januari 2018

Khusus untuk industri asuransi, IASB sedang mempertimbangkan tanggal efektif IFRS 9 ditunda sampai 2021. (dibahas dalam rapat IASB bulan September 2015)

Bila melihat niat DSAK untuk menjaga kesenjangan antara IFRS dan PSAK hanya 1 tahun, maka IFRS 9 kemungkinan akan berlaku efektif di Indonesia sejak 1 Januari 2019.


RUANG LINGKUP

IFRS 9 / ED PSAK 72 mencakup:

1. Klasifikasi Aset dan Liabilitas Keuangan

2. Penurunan Nilai

3. Akuntansi untuk Penurunan Nilai


RUANG LINGKUP IFRS 9

Semua instrument keuangan

dalam lingkup IAS 39

Ditambah kontrak tertentu

yang masuk pengecualian

“own use”

Untuk pengakuan dan pengukuran ECL:

* Loan commitments not measured at FVTPL

Aset Kontrak sesuai definisi IFRS 15


KLASIFIKASI DAN PENGUKURAN

Taking a Second Look…


IAS 39 VS. IFRS 9

IAS 39 IFRS 9

Classification of

financial assets

Four categories:

-Fair value through

profit or loss (FVTPL)

-Loans and receivables

-Held to maturity (HTM)

-Available-for-sale

financial assets

Three categories:

-Amortized cost

-Fair value through

other comprehensive

income (FVTOCI)

-Fair value through



IAS 39 VS. IFRS 9

IAS 39 IFRS 9

Classification of

financial

liabilities

Two categories:

-Fair value through


-Amortized cost

No change to

categories. However,

for financial liabilities

designated at FVTPL

under the fair value

option, the fair value

changes arising from

changes in the entity’s

own credit risk are

recognized in OCI.


IAS 39 VS. IFRS 9

IAS 39 IFRS 9

Hybrid contracts

(contracts with

embedded

derivatives)

Separate (bifurcate)

if the embedded

derivative is not

closely related to the

host contract and the

entire contract is not

measured at FVTPL.

No separation

(bifurcation) for

financial assets.

Separation

(bifurcation) remains

for financial liabilities

and contracts for non-

financial assets and

liabilities


KATEGORI PENGUKURAN UTAMA

Amortised Cost

FVOCI FVTPL

Held To Maturity (HTM), Loans and Receivables and Available

for Sale yang ada di IAS 39/PSAK 55, dihilangkan.

Embedded derivatives yang menempel pada instrument majemuk

(hybrid instruments) di dalam IAS 39 harus diukur terpisah. Dalam

IFRS 9, keseluruhan instrumen majemuk dinilai untuk mengklasifikasi

asset. 14

KLASIFIKASI ASET FINANSIAL IFRS 9

15

KLASIFIKASI ASET KEUANGAN SESUAI DENGAN IFRS 9

Business model

= Hold to collect

Business model:

Hold to collect

and sell

Other

Business

Models

Cash flow are solely

payment of principal

and interest (SPPI) Amortised Cost FVOCI* FVPL

Other types of cash

flow FVPL FVPL FVPL

*Kecuali untuk instrument ekuitas bisa memilih FVOCI atau FVPL


CLASSIFICATION OF FINANCIAL LIABILITIES

Financial liabilities at amortized cost

Financial liabilities at fair value

through profit or loss (FVTPL)

Guidance on specific financial

liabilities


PENURUNAN NILAI IFRS 9


EXPECTED LOSS MODEL

1. Forward Looking

2. Responsive terhadap perubahan risiko kredit

3. Merupakan usulan dari G20 dan pemangku kepentingan lainnya

4. Menggunakan “Three Buckets System”

5. Pengungkapan menjadi lebih baik

1. Mengilustrasikan bagaiaman entitas menerapkan persyaratan yg ada

2. Menunjukkan asset yang risiko kredit risk nya naik dengan signifikan.


MEASUREMENT OF FINANCIAL INSTRUMENTS

Initial Measurement:

At fair value, plus for those financial assets and liabilities not classified at fair value through profit or loss, directly attributable transaction costs.

Subsequent Measurement:

Classification Valuation FV

Changes

Interest/

Dividends

Impair-

ment

Forex

FAFVPL FV PL PL PL PL

FAFVOCI FV OCI* PL PL/OCI PL/OCI

FAAC Amortized

Cost

None PL PL PL


IMPAIRMENT OF FINANCIAL INSTRUMENTS

Stage 1 2 3

Recognition of

impairment

12 month

expected

credit losses

Lifetime expected credit loss

Recognition of

interest

Effective interest on the gross

carrying amount (before

deducting expected losses)

Effective

interest on the

net (carrying)

amount


MODEL PENGUKURAN

Pengakuan Awal

Secara umum serupa dengan ketentuan IAS 39/PSAK 55

Kategori Subsequent Measurement Derecognition

Amortised Cost Gain and losses from interest

revenue, ECL and foreign

exchange are recognised in P&L

Any gains and losess

goes to P&L

FVOCI Remeasurement of FV go to OCI Cumulative gain or loss in

OCI is reclassified from

equity to P&L

FVTPL All gains and losses go to P&L All gains and losses go o

P&L

Equity Investment – gains

and losses in FVOCI

Never classified to P&L.


EXPECTED CREDIT LOSSES DISCLOSURES

Quantitative Qualitative

Reconciliation of opening to

closing amounts of loss

allowance showing key

drivers of change

Write off, recovers and

modifications

Reconciliation of opening to

closing amounts of gross

carrying amounts showing key

drivers of change

Gross carrying amounts per

credit risk grade

Inputs, assumptions and

estimation techniques for

estimating ECL

Write off policies,

modification policies and

collateral


estimation techniques to

determine significant

increases in credit risk and

default


techniques to determine credit

impaired

Slide 23

TOT IAI KAPD FORUM AKUNTANSI KEUANGAN

DISCLOSURES (CONT’)

Qualitative information related to the discount rate

Modifications of assets with lifetime losses

Balance of financial assets:

– defaulted assets

– 90 days past due that are measured with a 12 months’ expected credit loss measurement objective

Interest revenue: Amount and measurement


IFRS 9 ACCOUNTING FOR HEDGING

ACTIVITIES By: Ersa Tri Wahyuni, PhD, CA,

CPMA, CPSAK


COMPONENTS OF THE GENERAL HEDGE ACCOUNTING MODEL

Hedge accounting

Objective

Hedged items

Hedging instruments

Effectiveness

assesment Discontinuation

rebalancing

Groups and net position

Presentation and disclosure

Alternatives to hedge accounting


OVERVIEW HEDGING ACCOUNTING UNDER IFRS 9

A more principles-based standard will align hedge accounting more closely with risk management

The types of hedging relationships – fair value, cash flow and foreign operation net investment – remain unchanged, but additional judgement will be required

There are new requirements to achieve, continue and discontinue hedge accounting

Hedge qualification will be based on qualitative, forward-looking hedge

effectiveness assessments, rather than arbitrary bright lines

Hedging relationships may need to be rebalanced, without terminating

hedge accounting due to certain changes in circumstances

Voluntary termination of otherwise qualifying hedging relationships will be

prohibited


CONTOH STRATEGI MANAJEMEN RISIKO DAN TUJUANNYA


Langkah-Langkah

Hedging Accounting


THANK YOU


Documents

OVERVIEW IFRS 9 : FINANCIAL INSTRUMENTS (ED PSAK 71) · 31 Mar 2017 t r ED 71 5 Apr 2017 12 Apr ... IFRS dan PSAK hanya 1 tahun, ... for Sale yang ada di IAS 39/PSAK 55, dihilangkan