IFRS 9 – Financial Instruments – Theory – 2

The associated liability is measured in such a way that the net carrying amount of the transferred asset and the associated liability is:

If a transferred asset continues to be recognised, the asset and the associated liability …

If a transferor provides non-cash collateral (such as debt or equity instruments) to the transferee, the accounting for the collateral by the transferor and the transferee depends on whether the transferee has the right to sell or repledge the collateral and on whether the transferor has defaulted.

An entity shall remove a financial liability (or a part of a financial liability) from its statement of financial position when, and only when the obligation specified in the contract is:

A financial asset shall be measured at amortised cost if:

IFRS 9 provides conditions under which an entity shall reclassify its financial liability.

Which of the following shall an entity apply for purchased or originated credit-impaired financial assets?

An entity shall directly reduce the __________ of a financial asset when the entity has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof.

What date should be considered to be the date of initial recognition for the purposes of applying the impairment requirements for loan commitments?

For which of the following shall an entity always measure the loss allowance at an amount equal to lifetime expected credit losses?