Financial asset/liability opening valueForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Financial asset/liability opening valueThis topic has 1 reply, 2 voices, and was last updated 2 years ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts December 5, 2021 at 11:29 am #642590 badluckbilalMemberTopics: 1Replies: 0☆Hello,Struggling to understand when we use the actual cost value for financial asset or liability (e.g. 10m nominal value bonds) as a starting point in Y1 vs. when we use PV of future cash flows as starting point. December 5, 2021 at 4:43 pm #642626 Stephen WidbergKeymasterTopics: 15Replies: 3328☆☆☆☆☆Use cost with 2 exceptions:1. Issue convertible loans. 2. Lend money at zero interestOtherwise you should not be discountingIFRS 13 – record at FAIR VALUE (don’t know where you’ve got PF of CF)Keep it simple!🙂AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In