FINANCIAL ASSETS
When an entity acquires a financial asset it acquires equity in another entity (eg investment in ordinary shares) or a debt asset (eg an investment in debentures, trade receivables). Financial assets have to be classified and accounted for in one of three categories:
- Fair Value Through Profit or Loss (FVTPL),
- Fair Value Through Other Comprehensive Income (FVTOCI) or
- at amortised cost.
Initially financial assets are measured at fair value plus, in the case of a financial asset not at FVTPL, transaction costs.
Subsequent measurement is then at either Fair Value or Amortised cost, depending on the category of financial assets.
Spark: The Revolutionary New Science of Exercise and the Brain
We firmly believe that a solid foundation of nutrition, exercise, and sleep will help you succeed in university better than any study hack, which is why we recommend this book. Reading it will educate you on how exercise affects your brain, which in turn will give you more mental ammunition that you can use to shoot down excuses when you’re feeling lazy or “busy”, and don’t want to work out. By the way, how much exercise have you gotten today? Read more
We firmly believe that a solid foundation of nutrition, exercise, and sleep will help you succeed in university better than any study hack, which is why we recommend this book. Reading it will educate you on how exercise affects your brain, which in turn will give you more mental ammunition that you can use to shoot down excuses when you’re feeling lazy or “busy”, and don’t want to work out. By the way, how much exercise have you gotten today? Read more
