AC2101 S1 2014 Seminar 11 Financial Liability (Anil).pptx

Frs 39 para 9 states that it should be noted that frs

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Unformatted text preview: cial liabilities §༊  Non- contractual or settled with delivery of goods & services 3 Recognition of Financial Liabilities Recall… An entity shall recognize a financial asset or a financial liability when the entity becomes a party to the contractual provisions of a (financial) instrument Financial Liabilities Measurement §༊  2 main categories a)  Fair value through P&L (FVTPL) b)  Others §༊  Designated hedged items will be covered in AA306/ AC3102 8 4 Financial Liabilities Measurement §༊  Fair Value Through P&L §༊  Held for trading, §༊  e.g. short sales position, write/sell a call option...
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This document was uploaded on 02/10/2014.

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