[FAR] Cost of an asset acquired on account with a cash discount
The invoice price minus the discount, regardless of whether the discount is taken or not. (PAS 16)
[FAR] How are cash discounts on asset acquisition generally considered
As a reduction of the asset’s cost, not as income. [PAS 16]
[FAR] [INVESTMENT IN DEBT SECURITIES FVPL]
INITIAL MEASUREMENT
TRANSACTION COST - EXPENSE IMMEDIATELY
*ACCRUED INTEREST IS NOT INCLUDED IN THE COMPUTATION OF INITIAL COST OF INVESTMENR REGARDLESS OF DESIGNATION (DEBITED TO INTEREST RECEIVABLE)
[FAR] [INVESTMENT IN DEBT SECURITIES]
FVPL
INTEREST INCOME
FACE VALUE* NOMINAL RATE
[FAR] [INVESTMENT IN DEBT SECURITIES [FVPL]]
AMORTIZATION
NONE
[FAR] [INVESTMENT IN DEBT SECURITIES [FVPL]]
CARRYING VALUE, BS DATE
FAIR VALUE
[FAR] [INVESTMENT IN DEBT SECURITIES [FVPL]]
CHANGE IN FAIR VALUE
UGUL- P/L
[FAR] [INVESTMENT IN DEBT SECURITIES [FVPL]]
CUMULATIVE UGUL
NONE
[FAR] [INVESTMENT IN DEBT SECURITIES [FVPL]]
GAIN OR LOSS ON SALE
PROFIT OR LOSS
NSP-FV
[FAR] [INVESTMENT IN DEBT SECURITIES [FVTOCI OR AC]]
INITIAL MEASUREMENT
PRESUMED FV + TRANSACTION COST (CAPITALIZED)
*ACCRUED INTEREST IS NOT INCLUDED IN THE COMPUTATION OF INITIAL COST OF INVESTMENR REGARDLESS OF DESIGNATION (DEBITED TO INTEREST RECEIVABLE)
[FAR] [INVESTMENT IN DEBT SECURITIES [FVTOCI OR AC]]
AMORTIZATION
NOMINAL - EFFECTIVE
[SHORTCUT]
[AMORTIZED COST*1+RATE-CASHFLOW]
[FAR] [INVESTMENT IN DEBT SECURITIES [FVTOCI OR AC]]
INTEREST INCOME
[AMORTIZED COST1+RATE-CASHFLOW]EFFECTIVE INTEREST RATE
[FAR] [INVESTMENT IN DEBT SECURITIES [FVTOCI OR AC]]
CARRYING VALUE, BS DATE
FVTOCI - FAIR VALUE
IAC - AMORTIZED COST
[FAR] [INVESTMENT IN DEBT SECURITIES [FVTOCI OR AC]]
UGUL
FVTOCI - OCI REPORTED IN SCI
IAC - NONE
[FAR] [INVESTMENT IN DEBT SECURITIES [FVTOCI OR AC]]
CUMULATIVE UGUL OR ACCUMMULATIVE OCI
FVTOCI - OCI REPORTED IN SFP
[FV-AMORTIZED COST]
IAC - NONE
[FAR] [INVESTMENT IN DEBT SECURITIES [FVTOCI OR AC]]
GAIN OR LOSS ON SALE
PROFIT OR LOSS
NSP-AC
*NET SELLING PRICE [SELLING PRICE LESS COST TO SELL]
