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  3. University Of South Africa (Unisa)
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  5. Financial Accounting (FAC3764)

Summary

FAC3764 EXAM SUMMARY 2024
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  • Course
  • Financial Accounting (FAC3764)
  • Institution
  • University Of South Africa (Unisa)

Summaries of 1. IAS 32 and IFRS 9 (Financial instruments) 2. IFRS 5 Non-current assets held for sale 3. IFRS 13 Fair value measurement 4 . IAS 36 Impairment loss 5. IAS 38 Intangible assets 6. Conceptual framework 7. IFRS 15 Revenue with contracts 8. IFRS 16 Leases 9. Foreign transactio...

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Document information

  • November 6, 2024
  • 15
  • 2024/2025
  • Summary

Subjects

  • fac3764 exam summary 2024

Written for

  • University of South Africa (Unisa)
  • Financial Accounting (FAC3764)
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Fnanaal instrumeas.TI% 2a (Deberntue : hoan )
L Issuer est ot financal instramant must cassify instrunent as ianaial
obs lity,aset or equly. in accordance w. subdtance of contraluai
arangemnent
Contrad et debenlure, has tuo component
Obhqaticn to ay fxed debernture inierest annuellyin cash
Settle capi kal amount in ordinayshas at nafuly da te
*Debertue contains both finonaal lhablly oncl equly
cOmponent and dassificd as com poynd tonanaql instremel
Initial measurement
Step
ib.hty
ccmpcent
-Determe etal V of debcntures.
FV=tby emasat) LDebentures ISSued xFace ale)
SLer
Siy-Oekeem ot liabil.ty comporent
N=(conetable yeor - Issued yar)
I=ar ked related interest rale tor similar debentures
PMT=fuir valelDebentures issuedy Facex fixec in terst rate


tquly cemporent Tolal FV ot debenture - PN above.
Subicg-ent measureent
Liabi hiy component measuNO at kes amor tised cost/
etfecle inlerest rate methoc.
Usg
Lnterest PVx market related inlerc ro bo X nonthsinyear
Inleest wil! decreo se liao1hly.
cOmpenent will never be emeosurecl.
eurnals
At year Foreigr Qxchonge Payet
end. Dnleesi espnse Dr Dcbenture lhabl
Cr foregr exchone Bank
c Debenture liabilty
Loital egn echange:
(Total v) pv X Excharge rate an innbal
DrBank rate year Cid)
for -Trasactcacast)
G Debenlue iabhly (ev) g chaege ialecst:
wath 4 Khange bake
anrgge or nterest calo.

, BM= Busiss moolel.

fnanual vmsiimeats ITAS [ Bonds] or Aseis.
LIFRS q A fimancial assel shall be measued at amortisecd
cust
folowing crilena is met.
* Held lows ancd
BM - pe ose collet contodual cashfPnhupa|.
prnipal ama tosoley pyrenls & jnlerci
en outstanci ng
* Wl med cnlend ito be mecasured at omor lised cosl
t controctual terms Spefes dale X uill
ot prndpal( *xx )Clatunty date) and interest jprnapal
anount cutslanl. lanuai coupc injerst ale of 2/
payable e ech

JFRSi states papal is f o finanal assel at atral
cogitim.
IRS 9 regures enty to inilolly fa net subseqenly
measured e fV 2hroug h PlL V + transaçtion Cos{.
1 Bonds held are Measuo e amorlised co3t
Subsaqely
i will initially be measued at (Number t bondss FVof bo)
+ transacion cosl.
Subsequat measureent o bonds will be e omor lised
cost using ctfecte rale method.
fective ineest?
Py -(Bonds x FV) + transact on cst.
NCRedecmable ycr-Intial deqr )
PMT(Bondsx re dleemable par valek Coupon rale
VBords x reeleem able Par vale.
menths in year
Taleest for yca(: Tx PV X
ired o ecognaise loss allowance
FA hal is mesured @amor lised.
Credit impaied @iniql c |a month exofes
redit loss eperbin date. 1 finGnqal tnsfrument has not
Sqnilicantly increasRd snce inl al re ccGnlion:
Ea PVTnterst ) X12 month prob @
iithal
Vegr end = (PV inieeSt) Prob year encl.
CA = pV + interest - Eh

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