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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › FINANCIAL INSTRUMENT
Sir when we initially recognize financial instrument why only compound financial instruments are recorded at present value of future cash flow ?
why isn’t compound instrument recorded like other financial liabilties i.e. cash received less cost of issue?
Hi,
It would be recorded in this way but it is not going to be examined at this lever, that is something for SBR. For FR just be able to deal with the issue costs for ‘simple’ financial assets and financial liabilities.
Thanks