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IFRS 9- Financial asset at amortized cost

This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.

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April 1, 2021 at 7:54 am #615638
tinkle
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Hello Sir, my doubt is regarding illustration 1 (b), in the following article that I do understand how we’ve found FV but what about the amortized cost schedule? why are they recognizing the Financial asset at its FV and not amortized cost……..

https://www.accaglobal.com/my/en/student/exam-support-resources/professional-exams-study-resources/strategic-business-reporting/technical-articles/ifrs-9.html
April 1, 2021 at 10:57 am #615655
Stephen Widberg
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Intend to trade in the asset – e.g. bond trader – fair value

Intend to hold to redemption – amortised cost
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