AASB 139 stipulates how financial instruments are to be recognised and measured.Specifically these instruments could be:
A) recorded at their fair value with any changes included in the period's profit or loss unless the instrument was acquired as a hedge.
B) recorded at fair value with any changes recorded directly to equity and only transferred to profit when the asset is derecognised.
C) measured and amortised at cost using the effective interest method.
D) all of the given answers.

Question

Quizplus · Accepted Answer

AASB 139 allows for financial instruments to be recognised and measured in all of the ways listed. The choice of how to recognise and measure financial instruments will depend on the specific circumstances and nature of the instrument in question.

AASB 139 Stipulates How Financial Instruments Are to Be Recognised