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About FAR.2830 Financial Liabilities Summary DIY.
This document contains a summary of key principles from PFRS 9 regarding the classification and measurement of financial liabilities: 1. PFRS 9 establishes principles for classifying and measuring financial assets and financial liabilities and presenting relevant information about future cash flows. It generally requires prospective application, except as specified. 2. Financial liabilities are generally measured at amortized cost, except for derivatives and liabilities the entity elects to measure at fair value. 3. On initial recognition, a financial liability is measured at its fair value plus or minus transaction costs, depending on the classification. 4. The objective is to present useful information to users about the amounts, timing and uncertainty of an
Detailed Information
Author: | ['Lynssej Barbon'] |
---|---|
Publication Year: | 2021 |
Pages: | 7 |
Language: | English |
Format: | |
Price: | FREE |
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