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Issue Cost IFRS 9

Ffazeel9310y ago
I was confused regarding treatment of issue costs of loan or shares for financial assets and financial liablities
MikeLittleMikeLittleTutor10y ago#1
For financial assets and liabilities NOT measured at fair value through profit or loss transaction costs are included Just remember that!
Ffazeel9310y ago#2
But sir what do we exactly do , do we subtract from asset amount or add to it
MikeLittleMikeLittleTutor10y ago#3
If it's a financial asset not at fair value through profit or loss, then the transaction costs are included within the asset value. If it's a financial asset that IS valued at fair value through profit or loss, the transaction costs are deducted from the asset and shown as an expense within the statement of profit or loss as a finance charge OK?
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