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IFRS and IAS Standards > Revision Course Cards > Flashcards

Revision Course Cards Flashcards

1
Q

What is control?

PEA

A
  • Power over investee
  • Exposure or rights to variable returns
  • Ability to use power to affect returns
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2
Q
A
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3
Q

What are the two ways to measure Fin Liabilities

A
  • Amortised Cost
  • FV/PL
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4
Q

Two types of Financial Assets

A
  • Investment in Equity
  • —–FV-PL
  • —–FV-OCI
  • Investment in Debt
    *—– FV-PL- Sell & Trade
  • —–FV-OCI- Hold & Sell
  • ——Amortised Cost-if Holding to collect contractual c.f’s
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5
Q

What is a define contribution?

A
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6
Q

What is a defined benefit?

A
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IFRS and IAS Standards (37 decks)

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