The Impact of First-time Application on IFRS 9 in Financial Industry of Taiwan：Financial Disclosure Perspectives

• Main Authors: HO,YOU-TSZ, 何侑慈
• Other Authors: LIN,RUEY-CHING
• Format: Others
• Language: zh-TW
• Published: 2019
• Online Access: http://ndltd.ncl.edu.tw/handle/g65gp6

碩士 === 輔仁大學 === 會計學系碩士班 === 107 === This study investigates the impact of IFRS 9 in Taiwan's financial industry for the first-time in 2018. I use data from the first and second quarterly financial reports of financial industry and the 2018 annual report of financial holding companies. I collect data of classification, reclassification adjustments, financial statements effect, expected loss from using expected credit loss model of financial assets manually. This study provides a preliminary study on the impact of IFRS 9 for the financial industry in Taiwan. The results of the study indicate that the change of IFRS 9 has a severe impact on the life insurance-type of financial holding companies, due to their large proportion of financial assets and large financial assets reclassification. The impact on financial reports is also severe on the life insurance-type of financial holding companies. I find that different financial holding types have different investment strategies, so the impact on financial statements is different. In the view of financial assets impairment, due to 2018 is the first application year for IFRS 9, the adoption is still immature and the disclosure of information of credit risk is incomplete, this study provides rough observations for the allowance for credit losses of the financial industry in Taiwan.