Abstract:

Since September 2012, IRFS Interpretation Committee has held several meetings, where the issues of negative interest rates and their impact on IFRS accounting system were discussed. The results of these meetings are following: negative interest rate on financial assets is expense, but other than interest expense and negative interest rate on financial liabilities is revenue, but also other than interest yield. Companies such as KPMG or Deloitte expressed their disagreement with this solution in 2013 and 2015. Current analysis of negative interest and its influence on accounting is the topic of this article.