ACCA December Exams

Post comments & Vote in Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>

Financial Instruments (Financial Liability)

This topic has 1 reply, 2 voices, and was last updated 6 years ago by P2-D2.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
August 6, 2018 at 9:03 pm #466497
gangsta1
Member
- Topics: 75
- Replies: 10
Sir, a financial liability that is classified & accounted for as FVTPL, if there are transaction costs, should the initial measurement of the liability be net of these costs or not?
August 7, 2018 at 7:34 pm #466644
P2-D2
Keymaster
- Topics: 4
- Replies: 7082
Hi,
They are treated the same as for financial assets in that the transaction costs are expensed through profit or loss.
Thanks
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.