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Financial asset (edit)
Revision as of 09:41, 12 January 2017
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→‎Treatment of financial assets under IFRS
Under IFRS, financial assets are classified into four broad categories which determine the way in which they are measured and reported:
 
* Financial assets "held for [[Tradetrade (financial instrument)|trading]]" — i.e., which were acquired or incurred principally for the purpose of selling, or are part of a portfolio with evidence of short-term profit-taking, or are [[derivative (finance)|derivatives]] — are measured at [[fair value]] through [[Incomeincome statement|profit or loss]].
* Financial assets with fixed or with determinable payments and fixed maturity which the company has to be willing and able to hold till maturity are classified as "[[held-to-maturity]]" investments. Held-to-maturity investments are either measured at fair value through profit or loss by designation, or determined to be financial assets available for sale by designation.
* Financial assets with fixed or determinable payments which are not listed in an active market are considered to be "[[loan|loans and receivables]]". Loans and receivables are also either measured at fair value through profit or loss by designation or determined to be financial assets available for sale by designation.
* All other financial assets are categorized as financial assets "[[available for sale]]" and are measured at fair value through profit or loss by designation.<ref>International Accounting Standard (IAS) 32.9</ref>
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