2012年ACCA考试《p2公司报告》讲义辅导42

2012年ACCA考试《p2公司报告》讲义辅导42

Subsequent measurement: financial assets are subsequently measured at:
　　· fair value with changes in value normally recognized in profit or loss, or
　　· amortised cost with interest recognized in profit or loss
　　Financial assets measured at fair value:
　　Any changes in fair value are normally recognized in profit or loss. There is an exception to this rule where the financial asset is an investment in an equity instrument not held for trading. In this case the entity can make an irrevocable election to recognize changes in the fair value in other comprehensive income.
　　Why change from IAS 39 to IFRS 9:
　　Both IFRS and US GAAP currently use an ‘incurred loss’ model for the impairment of financial assets. This model assumes that all loans will be repaid until evidence to the contrary, that is until the occurrence of an event that triggers an impairment indicator. Only at this point is the impaired loan written down to a lower value. The global financial crisis has led to criticism of this approach for many reasons, including that it leads to an overstatement of interest revenue in the periods prior to the occurrence of a loss event, and produces deficient information.
　　IFRS 2 Share-based payment – controversial area
　　IFRS2 requires entities to recognize the goods or services received as a result of share based payment transactions.
　　Recognition
　　An entity should recognize goods or services received or acquired in a share-based payment transaction when it obtains the goods or as the services are received. Goods or services received or acquired in a share-based payment transaction should be recognized as expenses unless they qualify for recognition as assets.
　　· Transactions are recognized when goods/services are obtained/re