Classification of Financial Liabilities

PAS 39 Recognizes two classes of  Financial Liabilities;

  • Financial Liabilities at FV through Profit & Loss
  • Other Liabilities at Amortized Costs using the effective interest method  ex. Accounts Payable, Notes Payable, Debt Instruments and Deposits from Customers.

Financial Liabilities Measurement Summary

Classification Liabilities



About Jonathan Ruiz CPA

Entrepreneur, CPA Mentor, Stock market Newbie Mentor, Influential Author and Master's Degree in International Business graduate in Hult International Business School, UK. A father of two lovely daughters.
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