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Just wondering why I need to calculate fair values by way of initial recognition and subsequent measurement
in IAS 39 - Financial Instruments: Recognition and Measurement by

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All financial instruments are measured initially at fair value at first. Subsequent measurement comes at the end of the financial year. But if the two dates are close to each other the fair value can be the same. For instance if the initial transaction happens on 25th December then the subsequent measurement should come 31st. But it may be the same. However, Subsequent measurement depends on the category into which the financial instrument is classified.