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

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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