Financial Services Ireland


Implementing IFRS 9: a guide for lessors

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IFRS 9 brings together the classification and measurement, impairment and hedge accounting sections of the IASB’s project. Effective for annual periods beginning on or after 1 January 2018, it replaces IAS 39 Financial Instruments: Recognition and Measurement and all previous versions of IFRS 9.

Although the new accounting standard will have a greater effect on financial entities, it will have a significant impact on lessors, particularly in the following areas:

  • Classification and measurement
  • Impairment of financial assets
  • Hedge accounting
  • Debt modification clarification

The impact of adopting IFRS 9 should not be underestimated, and we have created this practical guide to inform lessors as they transition to the new standard.

Download the guide via the link below and, should you have a question, please do get in touch. Our aviation finance team will be happy to help you find the answer. EY is the leading global provider of professional services to the aviation sector, with over 2,000 professionals worldwide providing services to nearly every facet of the industry. We are unique in being the only Big 4 firm to have invested in a formal Global Aviation Sector Group, to address technical issues, coordinate knowledge sharing and leverage our vast industry experience for the benefit of our client.

Read more about aviation finance at EY. 

Pat O’Driscoll

FS Partner, Aviation Finance
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