A liability (financial liability) is typically classified and measured at amortized cost. However, a liability may also be classified and...

The change in the classification of a financial asset due to a change in an entity's business model (BM) or...

The first day in the reporting period in which a new or changed business model (BM) is applied by an...

An option that is embedded in a derivative financial instrument whereby one party has a choice over settlement. In other...

Any financial instrument that confers on its holder a residual interest in the net assets of an entity (its assets...

A financial asset is derecognized (removed from an entity's accounts/ financial statements) when the contractual rights to receive the cash...

A period of time during which an entity is not allowed to classify any financial assets as held to maturity...

The act of recording or including an accounting item/ transaction/ event in the books (financials) of an entity for the...

The transaction costs associated with financial instruments are those incremental costs that directly relate or can be attributable to the...

The costs that are incurred by an entity in selling an asset or transferring a liability in the principal market...