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FAC3762 - Financial Instruments
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Excel document containing an exam template for the content covered in the course.
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Financial instruments - ClassificationFINANCIAL ASSETS
The classification and subsequent measurement of a financial asset shall be based on both:
1.) the ntity's business model for managing financial assets; and
2.) the contractual cash-flow characteristics of the financial asset.
Amortised cost:
1.) Business model is to hold FA to collect CF's.
2.) CF's are solely payments of interest and principle on amount outstanding.
Fair value through profit or loss:
1.) FA is measured as FA@P/L, unless measured as FA@AC or FA@OCI.
2.) Entity elects to measure as FA@P/L.
'3.) Dividends are recognized in P/L.
Fair value through other comprehensive income: (Equity instrument)
1.) Entity elects to measure as FA@OCI.
2.) Equity instruments are not held for trading.
3.) Dividends are recognized in P/L, unless dividend is a recovery part of the cost of the investment.
,Amortisation Table - Payments concurrent with year-end
Opening Balance Interest Principle Payments Closing Balance
Date
(a) (b) (c) (d) = (b) + ( c ) ( e ) = (a) - ( c )
2021
2022 - -
2023 - -
2024 - -
2025 - -
2026 - -
- - - - -
Amortisation Table - Payments not concurrent with year-end
Opening Balance Interest Principle Payments Closing Balance
Date
(a) (b) (c) (d) = (b) + ( c ) ( e ) = (a) - ( c )
2020/05/01
2020/10/31 - -
2020/12/31 - -
2021/04/30 - -
2021/10/31 - -
2021/12/31 - -
2022/04/30 - -
2022/10/31 - -
2022/12/31 - -
2023/04/30 - -
- - - - -
*** If payments not concurrent with YE, split interest in proportion to months.
, PV Calculated
1-1 AMORT
2-2 AMORT
3-3 AMORT
4-4 AMORT
5-5 AMORT
1-1 AMORT
2-2 AMORT
3-3 AMORT
4-4 AMORT
5-5 AMORT
6-6 AMORT
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