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IFRS 9, FV

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 9, FV

  • This topic has 3 replies, 2 voices, and was last updated 1 year ago by Stephen Widberg.
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  • April 2, 2021 at 10:08 am #615752
    tinkle
    Member
    • Topics: 50
    • Replies: 43
    • ☆☆

    Sir can you pleeeeaaaase explain to me when is it that we find at initial recognition the FV of instrument by discounting? I know this is a very basic question but somehow I’ve missed this point completeley… sometimes we just take the cost figure in ques and use it as FV but the other times we use PV discounting to get a FV

    April 3, 2021 at 11:58 am #615825
    Stephen Widberg
    Keymaster
    • Topics: 12
    • Replies: 2842
    • ☆☆☆☆☆

    Financial asset

    If you lend money to employees on an interest free basis

    Financial liabilities

    Convertible loans

    That will cover 99% of likely exam scenarios

    April 3, 2021 at 4:31 pm #615847
    tinkle
    Member
    • Topics: 50
    • Replies: 43
    • ☆☆

    Sir is there any logic to remember about it?

    April 5, 2021 at 1:23 pm #615993
    Stephen Widberg
    Keymaster
    • Topics: 12
    • Replies: 2842
    • ☆☆☆☆☆

    In both cases the loan is NOT made at the normal borrowing or lending rate for the company. That’s the key point.

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