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Impairment of Financial Assets(Q1 June 2010)

This topic has 1 reply, 2 voices, and was last updated 11 years ago by MikeLittle.

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November 24, 2013 at 2:59 pm #147652
atiba03
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Hi Mike,
In Q1 June 2010(Ashanti Group), I noticed that the future cash flows on the bond were discounted at the current interest rate instead of the original effective interest rate. Why is this so?
November 26, 2013 at 11:19 am #147891
MikeLittle
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If it’s classified as FVTPorL, subsequent remeasurements are channeled through PorL and one of those subsequent re-measurements will be the change in the cost of capital to be used in discounting calculations
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