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hi mike
i want to ask is IFRS 9 LIABILTY measurement area is examinable in june 2011??
IFRS9 is examinable. But, am I not correct, one of the areas still to be resolved is the treatment of Financial Liabilities at amortised cost ( I’m working from memory here )
Because IFRS9 is stated to be incomplete, I don’t believe it’s likely that you’re going to be asked any question relating to the incomplete elements …… unless you think that Graham Holt and the IASB are looking for informed judgement from thousands of students around the World as to how to resolve these incomplete matters!
In summary? No, I doubt that Financial Liabilities will be in June – but I could be wrong!
no, it’s not ironic at all. I think you could well find a chat section of a question asking, for example, “Why was it necessary to issue IFRS9 and what are the problems which still need to be resolved?”
But, if you don’t think it has a chance of coming up, then leave it 🙂
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Hi,
There was a recent update on IFRS 9 and it was said that it replaced the following:
1) For Fin assets classified now into two i) Amortization cost or ii) Fair value
2) Classification
3) MeasurementCan you please explain further on this matter. Thank you!
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