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IFRS 9 Financial Assets: Debt Instrument Classification and Management Under the New Accounting Standard—A Case Study of Greek Government Bonds in Banks’ Investment Portfolios

In: Essays on Financial Analytics

Author

Listed:
  • Nikolaos Sachlas

    (University of Peloponnese)

  • Vasileios Giannopoulos

    (University of Peloponnese)

Abstract

This study examines the effects, in financial statements, from different allocations of bonds, a characteristic type of debt instrument according to business models introduced by IFRS 9. Manager discretion in allocating bonds to their investment portfolios, and specifically bank managers, who invest significant amounts in those types of assets, can lead to significant differences in figures, for the same bonds, especially in periods of relative financial stability. The findings of this study suggest that excess “freedom” allowed by the new standard can lead to distortions for each period banks report under IFRS, in accordance with managers’ decision for initial classification and subsequent measurement.

Suggested Citation

  • Nikolaos Sachlas & Vasileios Giannopoulos, 2023. "IFRS 9 Financial Assets: Debt Instrument Classification and Management Under the New Accounting Standard—A Case Study of Greek Government Bonds in Banks’ Investment Portfolios," Lecture Notes in Operations Research, in: Pascal Alphonse & Karima Bouaiss & Pascal Grandin & Constantin Zopounidis (ed.), Essays on Financial Analytics, pages 175-204, Springer.
    • Handle: RePEc:spr:lnopch:978-3-031-29050-3_10
    DOI: 10.1007/978-3-031-29050-3_10
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