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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Financial Instruments
Sir,
Financial liabilities are usually accounted for and measured at amortised cost. Are fin liabilities at FVTPL within the scope of F7?
This is an extract from the B section of your syllabus
First is section B (5) (b)
b) Define financial instruments in terms of financial assets and financial liabilities
and now section B (5) (d)
d) Indicate for the following categories of financial instruments how they should be measured and how any gains and losses from subsequent measurement should be treated in the financial statements:
i) amortised cost
ii) fair value through other comprehensive income ( including where an irrevocable election has been made for equity instruments that are not held for trading)
iii) fair value through profit or loss
I believe that that answers it
OK?