The document provides an overview of key Indian Accounting Standards (Ind AS) related to financial instruments: Ind AS 32 on presentation, Ind AS 109 on recognition and measurement, and Ind AS 107 on disclosures. It defines important terms, outlines the objectives and scope of each standard, and summarizes the classification, measurement, impairment and disclosure requirements for financial assets and financial liabilities. The presentation focuses on the central themes of each standard and exceptions are ignored unless specifically included.
International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board
International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board
CA Varun Sethi Ind AS 20 - Accounting for Government GrantsVarun Sethi
Presentation by CA Varun Sethi: Indian Financial Reporting:
IndAS 20*: Accounting for Government Grants (GG) and disclosure for government assistance
Presentation includes comparison of Ind AS 20 issued by ICAI, (converged with IAS 20 issued by IASB), with AS 12, with IAS 20, and with ICDS (Income computation and accounting standards) on Government Grants
Sectors Impacted:
1. Corporates who enjoy Export related interest rate subvention on bank loans (Eg. Sugar/ Rice industries)
2. Non profit sector,
3. Companies enjoying government investment subsidies (Central investment subsidy scheme etc)
CA Varun Sethi Ind AS 20 - Accounting for Government GrantsVarun Sethi
Presentation by CA Varun Sethi: Indian Financial Reporting:
IndAS 20*: Accounting for Government Grants (GG) and disclosure for government assistance
Presentation includes comparison of Ind AS 20 issued by ICAI, (converged with IAS 20 issued by IASB), with AS 12, with IAS 20, and with ICDS (Income computation and accounting standards) on Government Grants
Sectors Impacted:
1. Corporates who enjoy Export related interest rate subvention on bank loans (Eg. Sugar/ Rice industries)
2. Non profit sector,
3. Companies enjoying government investment subsidies (Central investment subsidy scheme etc)
Financial statements are written records that convey the business activities and the financial performance of a company.
Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes.
Contingent liabilities, commitments and provisions in oil industryHamdy Rashed
What is the different between contingency, commitment and provision, how disclose the Joint venture minimum exploration payment or obligation in the financial statements
FEMA Regulations for Incorporation of WOS/JV/ Step-down Subsidiary outside IndiaDVSResearchFoundatio
Key Takeaways:
Acquisition of JV/WOS by Indian parties
Approvals required for investment in JV/WOS by Indian parties
Understanding step-down subsidiary
Setting up step-down subsidiary outside India and reporting procedures involved
The Union Budget for 2018-19 was proposed by Mr. Arun Jaitley on 1st February 2018. The budget proposes significant initiatives for rural & agricultural development, generation of employment, skill development and upgrading infrastructure, but, provides little incentive to the taxpayers. Sharing with you the highlights of this year's Budget.
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
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what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
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USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
3. Overview of the Session
3CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Ind AS 32
Financial
Instruments
Presentation
Ind AS 109
Financial
Instruments
Ind AS 107
Financial
Instruments
Disclosures
4. Ind AS 109 ~190 Pages
Ind AS 107 ~60 Pages
Ind AS 32 ~60 Pages
Overview of the Session
Definitions
Recognition
Measurement
De-recognition
Disclosures
Initial
Recognition
Subsequent
Recognition
4CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Classification
5. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
“The presentation covers only the central theme of
the standards on Financial Instruments. Exceptions
to rules are ignored unless relevant to the
discussion and are specifically included in the
presentation.”
5
6. Ind AS 32
Financial Instruments:
Presentation
DEFINITIONS
6CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
7. “The objective of this Standard is to establish
principles for presenting financial instruments as
liabilities or equity and for offsetting financial
assets and financial liabilities.”
Objective
7CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
9. Scope
9CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
This Standard shall be applied by all entities to all
types of financial instruments except:
◦ Share-based payments
◦ Insurance Contracts
◦ Employee benefits & Loan Co
◦ Interest in Subsidiaries, Associates & Joint Ventures
10. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Definitions
10
A financial instrument is any contract
◦ that gives rise to a financial asset of one entity; and
◦ a financial liability or equity instrument of another
entity.
Financial Instrument
11. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Definitions
11
Financial Assets
Cash
An equity
instrument
of another
entity;
A contractual right:
i. to receive cash or
another financial
asset from another
entity; or
ii. to exchange
financial assets or
financial liabilities
with another entity
under conditions
that are potentially
favorable to the
entity; or
A contract that will or may be
settled in the entity’s own equity
instruments and is:
i. a non-derivative for which the
entity is or may be obliged to
receive a variable number of
the entity’s own equity
instruments; or
ii. a derivative that will or may be
settled other than by the
exchange of a fixed amount of
cash or another financial asset
for a fixed number of the
entity’s own equity instruments
12. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Understanding the Definition
12
Cash: Cash is by a definition a Financial Asset. It
includes cash held in foreign currency translated in
to the asset’s functional currency.
An equity instrument of another entity: Equity
Shares of another entity.
◦ If I purchase 100 shares in Microsoft Inc., the investment
would meet the definition of Financial Asset.
13. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Understanding the Definition
13
A contractual right:
to receive cash or another financial asset from
another entity; or
◦ A typical example of such an asset would be trade
receivables as these represent contractual right to receive
cash. Rs. 100
Receivable
Rs. 100
Payable
Financial Asset
14. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Understanding the Definition
14
A contractual right:
to exchange financial assets or financial liabilities
with another entity under conditions that are
potentially favorable to the entity;
◦ An entity holds a contract to buy apples for Rs. 100/kg
while the current selling price/market price of apples is
Rs. 120/kg.
15. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Understanding the Definition
15
A contract that will or may be settled in the entity’s
own equity instruments and is:
◦ a non-derivative for which the entity is or may be obliged
to receive a variable number of the entity’s own equity
instruments; or
◦ A Ltd. takes a Rs. 1 Crore loan from B Ltd. A Ltd. will repay the loan
in 1 year in shares of A Ltd. The number of shares will be
determined by dividing Rs. 1 Crore by the share price in 1 year’s
time i.e. the number of shares to be given is variable.
16. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Definitions
16
Financial Liability
A contractual obligation
i. to deliver cash or another
financial asset to another entity;
or
ii. to exchange financial assets or
financial liabilities with another
entity under conditions that are
potentially unfavorable to the
entity; or
A contract that will or may be
settled in the entity’s own equity
instruments and is:
i. a non-derivative for which the
entity is or may be obliged to
deliver a variable number of the
entity’s own equity instruments;
or
ii. a derivative that will or may be
settled other than by the
exchange of a fixed amount of
cash or another financial asset
for a fixed number of the
entity’s own equity instruments.
17. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Understanding the Definition
17
A contractual obligation:
to deliver cash or another financial asset to another
entity; or
◦ A typical example of such an asset would be trade
payables as these represent contractual obligation to
deliver cash. Rs. 100
Receivable
Rs. 100
Payable
Financial Liability
18. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Understanding the Definition
18
A contractual obligation:
to exchange financial assets or financial liabilities
with another entity under conditions that are
potentially unfavorable to the entity;
◦ An entity holds a contract to sell apples for Rs. 100/kg
while the current selling price/market price of apples is
Rs. 120/kg.
19. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Understanding the Definition
19
A contract that will or may be settled in the entity’s
own equity instruments and is:
a non-derivative for which the entity is or may be
obliged to deliver a variable number of the entity’s own
equity instruments; or
◦ A Ltd. takes a Rs. 1 Crore loan from B Ltd. A Ltd. will repay the
loan in 1 year in shares of A Ltd. The number of shares will be
determined by dividing Rs. 1 Crore by the share price in 1
year’s time i.e. the number of shares to be given is variable.
20. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Definitions
20
Equity Instrument
An equity instrument is any contract that
evidences a residual interest in the assets of an
entity after deducting all of its liabilities.
These are instruments which are neither Financial
Assets or Financial Liabilities.
Eg: Ordinary Shares
21. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Puttable Instruments
A puttable instrument is a financial instrument that
◦ gives the holder the right
◦ to put the instrument back to the issuer
◦ for cash or another financial asset
◦ or is automatically put back to the issuer on the
occurrence of an uncertain future event or the death or
retirement of the instrument holder.
May be classified as Financial Liability or Equity Instrument
depending upon the nature of the Puttable Instrument
21
22. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Illustration
22
Issuer Purchaser
I want to
Sell it back!
Yes Sir!
$
$
$
$
$
$
$
$
23. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Recap
This standard gives rules for classification of an
Financial Instrument into:
Financial Asset
Financial Liability
Equity Instrument
23
24. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Let’s Classify
24
Borrowings from Bank
Financial
Liability
Obligation to deliver
cash
Bank Deposits
Financial
Asset
Right to receive cash
Equity Shares of Infosys
Financial
Asset
Equity Instrument of
another entity
Forward contract - In the
money
Financial
Asset
Favorable Contract
Preference Shares
redeemable after 3 years
Financial
Liability
Obligation to deliver
cash on redemption
Instrument Classification Explanation
25. Ind AS 109
Financial Instruments
RECOGNITION, MEASUREMENT
& DE-RECOGNITION
CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants 25
26. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Objective
“The objective of this Standard is to establish
principles for the financial reporting of financial
assets and financial liabilities
that will present relevant and useful information to
users of financial statements for their assessment
of the amounts, timing and uncertainty of an
entity’s future cash flows.”
26
27. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Scope
This Standard shall be applied by all entities to all
types of financial instruments except those
specified in the standard (Interests in subsidiaries, associated
and joint ventures, Leasing commitments, Employee benefits, Financial
Instruments resulting in Business Combinations, Insurance Contracts)
“Applicable to all entities but not all financial
instruments”
27
28. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Recognition
An entity shall recognise a financial asset or a
financial liability in its balance sheet when, and
only when, the entity becomes party to the
contractual provisions of the instrument.
◦ Unconditional receivables and payables are recognised as
assets or liabilities when the entity becomes a party to
the contract and, as a consequence, has a legal right to
receive or a legal obligation to pay cash.
28
29. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Classification – Financial Assets
29
Initial
Recognition
Classification as per
Subsequent Measurement
Amortised Cost
Fair Value
through P&L
(FVTPL)
Fair Value
through OCI
(FVTOCI)
the entity’s business
model for managing the
financial assets
the contractual cash flow
characteristics of the
financial asset.
Based on
30. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Basis of Classification – Amortised
Cost
A financial asset shall be measured at amortized
cost if both of the following conditions are met:
30
To hold financial assets in order to collect
contractual cash flows; and
Business Model
Contractual
Cash flows
Solely payments of principal and interest
on the principal amount outstanding.
31. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Basis of Classification - FVTOCI
A financial asset shall be measured at Fair Value
Through Other Comprehensive Income if both of
the following conditions are met:
31
Business Model
Contractual
Cash flows
Solely payments of principal and interest
on the principal amount outstanding.
To hold financial assets for collecting
contractual cash flows and selling financial
assets
32. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Basis of Classification - FVTPL
All other Financial Instruments to be classified as
Fair Value Through Profit & Loss A/c. – Residual
Classification.
◦ Financial Assets maybe classified as FVTPL subject to
conditions as specified in the standard. (Fair Value
Option)
Eg: Convertible Bonds
◦ Held for interest cash flows + Equity at maturity
32
33. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Q&A
Q - Why do we classify Financial Assets held for Cash
flows and Capital Appreciation as Fair Value through
OCI and as Fair Value through P&L?
A – If the Financial Assets held for sale are with an
entity on the reporting date, any gain/loss by change in
the FV of the Financial Asset is only notional. It is not
actual gain. And thus it is not part of the P&L A/c.
33
34. Fair Value through OCI
CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Summary
34
Financial Asset within
scope of Ind AS 109
Contractual cash flows are
Principal & Interest only?
Held to collect Contractual
Cash flows only?
Held to collect contractual
cash flows and for sale?
FVTPL Option?
Amortized
Cost
Fair Value through P&L
NO
NO
NO
NOYES
YES
YES
FVTPL Option?
YES
NO YES
35. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Classification – Financial Liabilities
An entity shall classify all financial liabilities as
subsequently measured at amortized cost except in
case of certain specific exceptions given in the
standard including
◦ If measuring at Fair Value through Profit or Loss results in
more relevant information.
The standard does not talk about measuring
Financial Liabilities at Fair Value through OCI.
35
36. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Reclassification
36
• When, and only when, an entity changes its
business model for managing financial assets.
Financial Assets
• An entity shall not reclassify any financial
liability.
Financial Liabilities
37. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Initial Measurement
At initial recognition, an entity shall measure a
financial asset or financial liability at its Fair Value
plus or minus transaction costs that are directly
attributable to the acquisition or issue of the
financial asset or financial liability.
In the case of a financial asset or financial liability
at fair value through profit or loss, at Fair Value.
37
38. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Subsequent Measurement
After initial recognition, an entity shall measure a
financial asset at:
38
Amortised
Cost
Fair Value
through P&L
Fair Value
through OCI
39. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Derecognition
39
The contractual rights to
the cash flows from the
financial asset expire
Entity transfers the
financial asset and
the transfer qualifies for
derecognition
Financial Assets
It is extinguished
(Obligation specified in the contract is
discharged, cancelled or expires)
Financial Liabilities
41. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Disclosures
The carrying amounts of each Category shall be disclosed
either in the balance sheet or in the notes:
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FVTPL Amortized Cost FVTOCI
Financial Assets
showing separately :
1. those designated as
such by the entity
by choice (under
FVTPL option)
2. those mandatorily
measured at fair
value through profit
or loss.
Financial liabilities
1. Financial Assets
2. Financial Liabilities
Financial Assets
showing separately
1. Financial assets that
are measured at
FVTOCI; and
2. Investments in
equity instruments
designated as such
upon initial
recognition
42. CA Pranav Joshi, Partner | P. G. Joshi & Co., Chartered Accountants
Sections not discussed
Hedge Accounting
Impairment
Accounting of Embedded Derivatives
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43. Thank You
CA Pranav Joshi
Partner
P. G. Joshi & Co., Chartered Accountants
www.pgjco.com