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

Newbie Mentor and one of the influential author in the Philippines setting. His also the founder of PAM Academy and Developer of PAM PSE TRACKER application.
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