Summary
IFRS 9 is a crucial accounting standard that centers around financial instruments. This includes equity investments in company shares with accounting options like fair value through profit or loss. Additionally, debt investments such as bonds are covered, with accounting treatment choices of fair value through profit or loss, amortised cost, and fair value through other comprehensive income.
Introduction to IFRS 9
IFRS 9 is a complex accounting standard that focuses on financial instruments. This chapter provides an overview of IFRS 9 and its importance in accounting practices.
Equity Investments
This chapter discusses equity investments in shares of a company and the two accounting options available: fair value through profit or loss and fair value through other comprehensive income.
Debt Investments
Debt investments such as bonds with interest elements are explained in this chapter, detailing the accounting treatment options of fair value through profit or loss, amortised cost, and fair value through other comprehensive income.
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