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IFRS 9, FINANCIAL INSTRUMENTS

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 9, FINANCIAL INSTRUMENTS

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  • June 13, 2017 at 7:13 am #392916
    balleong
    Participant
    • Topics: 4
    • Replies: 68
    • ☆☆

    Hello Tutor, I’m very confused about the illustrations in ACCA technical article: IFRS 9, FINANCIAL INSTRUMENTS (https://www.accaglobal.com/za/en/student/exam-support-resources/professional-exams-study-resources/p2/technical-articles/ifrs9-financialinstruments.html).

    In Illus. 1, the question asks for accounting at Dec 2010, and the answer provided computes the discounted value from Dec 2011.

    In Illus 2, the question asks for accounting at Dec 2011, but the answer provided computes the discounted value ALSO from Dec 2011.

    Please help, thanks.

    June 14, 2017 at 9:08 am #393104
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7177
    • ☆☆☆☆☆

    Hi,

    The key in the second illustration is that it says that in early 2011, so this presumably is very close to the end of 2010 and hence the need to discount the cash flows as they will be received towards the end of the year.

    Thanks

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