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  • Thomas Tsang

Financial assets classified from current to non-current

When receivables classified from current to non-current, it needs to be measured at fair value upon reclassification. The different will be charged to profit and loss. It is because the receivables are measured at amortised cost.


Subsequent measurement will be at amortised cost.


Financial liabilities will be measured at amortided cost. The different will be charged to profit and loss when revise the payment.


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