financial instruments

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 31, 2019 at 7:23 pm #543980
mehazia
Participant
- Topics: 54
- Replies: 6
sir,
In which case of the amortised cost calculation would we not calculate interest like the follows
amt * effective interest – cash received…
and what was the formula for that case also
I know the issue but can’t seem to recall.
sorry..
September 1, 2019 at 11:53 am #544051
P2-D2
Keymaster
- Topics: 4
- Replies: 7235
Hi,

Amortised cost is applied to financial assets that meet the business model and contractual cash flow test. It is applied to financial liabilities that are not held at fair value.

Thanks
Author

Posts

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

You must be logged in to reply to this topic.