- This topic has 1 reply, 2 voices, and was last updated 13 years ago by
.
- Posts
kaplan text says;
initial recognition of a financial asset is measured at fair value.This is likely to be purchase consideration paid, and will normally “exclude” transactions costs.Opentuition;
all financial instruments to be measured at fair value “inclusive” of transaction costswhich is correct? transaction cost is include or exclude?
I don’t have my notes available. Let me refer you to Tom Clendon’s articles in Student Accountant which give a pretty good summary of IFRS 9 – you’ll find them in the technical articles of P2 pages.
the OpenTuition notes are, not unusually, written / reviewed only annually and there are occasions, thankfully few!, when something comes out of my head wrongly. If that’s really what the notes say, then please accept my apologies
- You must be logged in to reply to this topic.