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Table-Initial Measurement | PDF | Historical Cost | Fair Value
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Table-Initial Measurement

The document outlines the initial and subsequent measurement requirements for various financial instruments under IFRS. For note payables, the initial measurement is fair value minus transaction costs, and subsequent measurement can be either amortized cost or fair value through profit and loss if irrevocably designated as such. For leases, the initial measurement of the right of use asset includes the present value of lease payments, payments made before commencement, initial direct costs, and estimated restoration costs. Subsequent measurement is under the cost model.

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Ela Gloria Molar
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102 views2 pages

Table-Initial Measurement

The document outlines the initial and subsequent measurement requirements for various financial instruments under IFRS. For note payables, the initial measurement is fair value minus transaction costs, and subsequent measurement can be either amortized cost or fair value through profit and loss if irrevocably designated as such. For leases, the initial measurement of the right of use asset includes the present value of lease payments, payments made before commencement, initial direct costs, and estimated restoration costs. Subsequent measurement is under the cost model.

Uploaded by

Ela Gloria Molar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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topic Initial measurement Subsequent measurement

Note payable Fv-transaction costs a. amortized cost


*transaction costs are included fv through p/l if note payable is
in the measurement designated irrevocably
*if irrevocably designated at fv
through p/l transaction cposts
are expensed immediately
lease Im of right of use of asset Lessee shall measure the right
*At cost at of use of asset applying the cost
commencement date model (cost-accum depx- imp
Cost of right of use loss)
asset comprises
a. Pv of lease payments or
the initial measurement
of the lease liability
b. Lease payments made
to lessor at or before
commencement date,
such a lease bonus, less
any lease incentives
received
c. Initial direct costs
incurred by the lessee
d. Estimate of cost
dismantling, removing
and restoring the
underlying asset for
which the lessee has a
present obligation

ACCOUNTS RECEIVABLE fv+transaction costs Amortized cost


NOTES RECEIVABLE Present value Amortized cost
LOAN RECEIVABLE Fair value plus transaction costs Amortized cost
FINANCIAL ASSET Fair value plus, in the case of a.fvpl
financial asset not at fair value b.fvoci
through p/l, transaction costs c.amortized cost
(daa)
BP not designated at fv through a. Amortized cost
BONDS PAYABLE p/l shall be measure initially at b. Fair value through profit
fv minus transaction costs or loss

NOTE PAYABLE Fair value minus transaction a. Amortized cost


costs b. At fv through p/l if the
note payable is
designated irrevocably
as measured at fv
through p/l

Shortcuts : (calculator) and formulas

Carrying amount for every year: ca then equal then times 1+(er) then minus interest received

Effective rate: alpha x

Present value lumpsum: (1+.12)^-3

Ordinary annuity:

Annuity due: there is a tail

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