Doel Mehra
asked
What are the changes in the classifications of financial assets and financial liabilities for IFRS exam ?
0
0
Answer Now
Comment
Report
1
Answers
Important Note – Preparing for IFRS?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below –
For any questions Request A Call Back
manusha
answered
At the date of initial application of IFRS 9 an entity shall disclose the changes in the classifications of financial assets and financial liabilities, showing separately:
- the changes in the carrying amounts on the basis of their measurement categories in accordance with IAS 39 (ie not resulting from a change in measurement attribute on transition to IFRS 9); and
- the changes in the carrying amounts arising from a change in measurement attribute on transition to IFRS 9.
For more details you can view here.
