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The purpose of this paper is to determine the changes proposed by the IFRS 9 Financial instruments, regarding the classification of financial assets and its effects on the financial position of a business entity and the results of operations in comparison to the former criteria established by the IAS 39 Financial instruments: recognition and measurement. The issuance of the IFRS 9 in July 2014 was seen as the final stage in the project that IASB established regarding the financial instruments. The business model criteria used by the IFRS 9 are based on the financial, contractual cash flow incurred by the financial instrument or the cash flow caused by selling the instruments. Their proponents believe that these criteria are well-structured, objective and can be easily implemented by the users of financial statements. The former criteria in IAS 39 are based on the management intent regarding the instruments and some proponents of the new standard believe that they cause more judgment and earnings volatility than the newly established criteria. The purpose of this paper is to indicate that the change of classification criteria did not meet the specified goals regarding the comparability of financial statements and possible earnings volatility. The only goals met are related to information relevance and confidentiality.

IFRS 9 AND IMPLICATIONS OF “BUSINESS MODEL VS. MANAGEMENT INTENT” CRITERIA ON THE QUALITY OF ACCOUNTING INFORMATION