The usual measurement basis allowed by the IFRS and adopted in practice for subsequent measurement of long-term borrowings in IFRS consolidated financial statements is:

Question

Quizplus · Accepted Answer

The usual measurement basis allowed by the IFRS and adopted in practice for subsequent measurement of long-term borrowings is amortized cost. This means that the borrowing is measured at its initial cost, adjusted for any amortization of discounts or premiums, and reduced by any repayments of principal. This approach is suitable for long-term borrowings that have fixed or determinable payments and are not traded on an active market.

The Usual Measurement Basis Allowed by the IFRS and Adopted