What is Designation Of Financial Assets Or Liabilities Of IFRS Standards 1

Question

What is Designation Of Financial Assets Or Liabilities Of IFRS Standards 1

Follow

Princy asked almost 5 years ago

IFRS IFRS & ACCA Designation Financial Assets Liabilities IFRS Standards 1

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 –

IFRS video lectures online & in Pen Drive/ DVD

For any questions Request A Call Back

PRACHEETI · Answer 1 · 2017-08-28 00:00:00 UTC

An entity is permitted to designate a previously recognised financial asset as a financial asset measured at fair value through profit or loss in accordance with paragraph . The entity shall disclose the fair value of financial assets so designated at the date of designation and their classification and carrying amount in the previous financial statements.

An entity is permitted to designate a previously recognised financial liability as a financial liability at fair value through profit or loss in accordance with paragraph . The entity shall disclose the fair value of financial liabilities so designated at the date of designation and their classification and carrying amount in the previous financial statements.

To know more about IFRS please read the following article -> IFRS Details

Congratulations!

What is Designation Of Financial Assets Or Liabilities Of IFRS Standards 1

Want to advertise with CAKART?

Want to sell your Video Courses / Books on CAKART?

Congratulations!

What is Designation Of Financial Assets Or Liabilities Of IFRS Standards 1

CAKART would like to make you Super Knowledgeable!