The article defines ways to overcome gaps in the classification and evaluation of financial instruments to ensure the reliability and credibility of financial reporting under national and international standards. Differentiated methods for evaluating financial assets and liabilities in the context of recommended IFRS 9 business models. The indicators of assets and liabilities on the balance sheet are identified that reflect financial instruments and related changes in terms of their differentiated valuation, depending on the way their changes are reflected as a result of revaluation for reporting purposes. Tables are proposed that reflect the results of revaluation of financial instruments in the context of implementing business models. Based on the reporting data of six operating companies, estimated coefficients were calculated before and after applying the effective interest rate used in a conservative business model.
CITATION STYLE
Zhitlukhina, O. G., & Kochetova, O. N. (2021). On the Need to Switch to Reliable Measurement of Financial Instruments in the Context of IFRS 9 to Improve the Reliability of Financial Statements. In Smart Innovation, Systems and Technologies (Vol. 227, pp. 635–648). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-981-16-0953-4_62
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