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

 

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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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