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Financial assets and financial liabilities/IFRS9

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Financial assets and financial liabilities/IFRS9

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.
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  • February 15, 2018 at 7:38 pm #437496
    vinogradovaa
    Participant
    • Topics: 21
    • Replies: 9
    • ☆

    Can you please make an example regarding measurement of financial liabilities, which are chosen for profit and loss, because they reduce or eliminate an accounting mismatch?

    February 16, 2018 at 7:45 am #437535
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23350
    • ☆☆☆☆☆

    We’re in the area of hedging where a financial asset satisfies neither the business model nor the cash-flow model and will thus be accounted for at fair value through profit or loss

    Where this asset is acquired to hedge a financial liability, that liability may be valued at fair value through profit or loss in order to accord similar treatment to two closely related matters

    OK?

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  • The topic ‘Financial assets and financial liabilities/IFRS9’ is closed to new replies.

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