1. Classification, measurement, impairment of financial instruments
2. Distinguishing between financial liabilities and equity instruments:
1. Whether does there exist unconditional obligations to deliver cash or other financial assets.
Yes, financial liability. No, whether the equity tool
2 and are settled by delivering a fixed number of its own equity tool.
is, considering whether the equity tool used for settlement is an equity tool for the enterprise or as a cash alternative.
( is usually fixed quantity and fixed amount is an equity tool)
3. Reclassification of financial assets (reclassification between financial liabilities is not allowed)
1. Amortized cost measurement → measured at fair value and its changes are included in the current profit and loss : measured at fair value on the reclassification date, the original book and the fair difference is included in the current profit and loss
2. Amortized cost measurement → measured at fair value and its changes are included in the comprehensive income : measured at fair value on the reclassification date, the original book and the fair difference is included in other comprehensive income.
3. Measured at fair value and its changes are included in the comprehensive income → Amortized cost measurement: has been transferred out before other comprehensive income, and the adjustment date of reclassification is fair, which is deemed to be measured at the beginning of the amortized cost
4. Measured at fair value and its changes are included in the comprehensive income → measured at fair value and its changes are included in the Current profit and loss :
is measured at fair value, and the accumulated profit losses recorded in other comprehensive income are transferred to the current profit and loss
5. Measured at fair value and its changes are included in the current profit and loss → Amortized cost measurement: reclassification date fair as new book balance
6, equity instrument reclassified as financial negative debt, measured at the fair value of the instrument on the reclassification date, difference between the book value of the equity instrument and the fair value of the financial liabilities on the reclassification date is recognized as equity
7, financial liabilities reclassified as equity instrument , measured at the book value of the financial liabilities on the reclassification date.
4. Expected credit loss :
refers to the weighted average value of credit loss for financial instruments weighed by the risk of default . Consider the time value of the currency
5. Hedging classification
6. The situation where an enterprise should terminate the recognition of financial assets include :
(1) The enterprise sells financial assets in a manner that does not attach recourse ;
(2) The enterprise Sell financial assets and sign an agreement with the buyer at the same time, and repurchase at the end of the agreed period at the end of the agreement;
(3) The company sells the financial assets and signs a put option contract with the buyer (that is, the buyer has the right to resell the financial assets to the company), but judging from the terms of the contract, the put option is a major out-of-price option (that is, the design of the option contract terms makes it very unlikely that the buyer of the financial assets will exercise the option at a very small price).
summarizes it while learning, and you can directly take it to read it when reviewing!
