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Revaluation for Financial Assets under Amortised Costs??

Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › Revaluation for Financial Assets under Amortised Costs??

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  • October 8, 2017 at 3:48 pm #409890
    ycy95
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    Hi,

    I have a question about the financial assets accounted under amortised cost (IAS 39). Is such financial instruments have to be revalued every year as at year end? Why?

    However for financial liabilities recorded under amortised cost, we do not have to revalue every year, right?

    October 9, 2017 at 3:02 am #409953
    jamesyeung
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    We only “remeasure” the financial assets at its fair value under FVTPL or FVTOCI.

    There is no reason to revaluate the financial assets under amortised costs, because they are expected to be held to maturity.

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