Identify which of the following financial instruments are required under AASB 139 "Financial Instruments: Recognition and Measurement" to measured at fair value thru profit and loss:

A. I, II and III;
B. I, II and IV;
C. II, III and IV;
D. II, IV and V;
E. III, IV and V.

Question

Identify which of the following financial instruments are required under AASB 139 "Financial Instruments: Recognition and Measurement" to measured at fair value thru profit and loss:
  
A. I, II and III;
B. I, II and IV;
C. II, III and IV;
D. II, IV and V;
E. III, IV and V.

Quizplus · Accepted Answer

AASB 139 requires financial instruments that are held for trading, designated at fair value through profit or loss, or are derivatives to be measured at fair value through profit and loss. Therefore, the correct options are I (held for trading), II (designated at fair value through profit or loss), and IV (derivatives). Option III (held to maturity investments) and V (loans and receivables) are not required to be measured at fair value through profit and loss under AASB 139.

Identify Which of the Following Financial Instruments Are Required Under