Home  Journals  International Accounting  9(129) - 2009 September

Financial liabilities accounting at amortised cost

Available online: 12 November 2009

Subject Heading: Account problems

JEL Classification: 

The present work is dedicated to examining accounting procedures of financial liabilities at amortised cost required by the International Financial Reporting Statements. In particular the author addresses the following aspects of accounting: requirements of initial recognition of financial liabilities, estimation of amortised cost at each reporting period, calculation of borrowing costs using effective rate method. Recommendations on dealing with complicated cases are made based on accounting principles of financial liabilities examined in the present work.

Keywords: financial liabilities, amortised cost, effective interest rate, borrowing costs

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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