Financial Assets
This is one of the two basis of classification of a financial assets that refers to how an entity manages its financial assets in order to generate cash flows
What is Business Model?
This term describes an obligation to deliver cash or another financial asset to another entity, or to exchange financial instruments under potentially unfavorable conditions
What is Financial Liability?
Salad, Tree, Broccoli
What are things that are green?
🧊🧊👶
Goodness gracious! Ikaw 'yung nag-shoplift.
What is Girl, Boy, Bakla, Tomboy
This is the required classification for equity instruments not held for trading, when an entity makes the irrevocable election at initial recognition
What is Fair Value through Other Comprehensive Income?
This following subsequent measurement is required when financial liabilities are classified at amortized cost
What is Amortized Cost?
Aemie, Mia, Krl
What are persons wearing glasses?
🍒 🍷
What is Cherry Wine
I am inevitable.
What is Avengers: Endgame?
This term describes the act of moving a financial asset's contractual rights to receive cash flows, or the asset itself, from one party to another
What is transfer?
This is the general PFRS 9 rule for how financial liabilities, other than those measured at FVTPL, are recognized at initial recognition
What is fair value minus transaction costs?
Secret Agent, Chemical Element, Debt Instrument
What are things with bonds?
🙏 🙏 🙏
What is Please, Please, Please?
Hindi ikaw si Celine, and you will never be Celine!
What is Barcelona?
This is the risk that one party to a financial instrument will fail to discharge an obligation, causing a financial loss to the other party
What is Credit Risk?
For a financial liability classified as held for trading, this is where all fair value changes are recognized
What is profit or loss?
The Internet, Moon Landing, The Great Depression
What are historical events?
🏖️😔
Run, Forrest, run!
What is Forrest Gump?
For a financial asset held at FVOCI, this is the required treatment upon derecognition for debt instruments only, not equity
What is recycling?
For financial liabilities under PFRS 9, this single word describes the status of reclassification, regardless of any change in business model
What is prohibited?
Metaphor, Assonance, Imagery
What are literary devices?
🤰 👖
What is Billie Jean?
I see dead people.
What is The Sixth Sense?