• Register
Search Questions / Answers

Welcome to AccountantAnswer Forum, where you can ask questions and receive answers. Although you need not be a member to ask questions or provide answers, we invite you to register an account and be a member of our community for mutual help. You can register with your email or with facebook login in few seconds

Get AccountantAnswer App


How do you classify financial assets and what are the accounting treatments for different categories?
in IAS 39 - Financial Instruments: Recognition and Measurement by Level 2 Member (3.9k points)
retagged by

1 Answer

0 votes

There are 04 types
(1)     Financial assets at fair value through profit or loss;
(2)     Held-to-maturity investments;
(3)      Loans and receivables; and
(4)     Available-for-sale financial assets.
Reference - IAS 39

Check this financial instruments summary for more details.

by Level 1 Member (2.1k points)
edited by