Search found 5 matches

by Some guy
14 Dec 2021, 22:31
Forum: IFRS-related topics
Topic: Offsetting a financial asset and a financial liability
Replies: 4
Views: 1202

Re: Offsetting a financial asset and a financial liability

To avoid confusion, I agree with your description and believe its the accepted way to describe it.

Thanks again.
by Some guy
14 Dec 2021, 14:56
Forum: IFRS-related topics
Topic: Offsetting a financial asset and a financial liability
Replies: 4
Views: 1202

Re: Offsetting a financial asset and a financial liability

Thanks for your input DJP, Regarding the offsetting, I realized I was wrong in my assessment last night. Thanks for confirming. With regards to the accounting for a fair value hedge on a debt measured at amortized cost, assuming the hedge is perfectly effective I believe the way you and I described ...
by Some guy
13 Dec 2021, 21:28
Forum: IFRS-related topics
Topic: Offsetting a financial asset and a financial liability
Replies: 4
Views: 1202

Offsetting a financial asset and a financial liability

Hey all, I have another financial instrument question that continues down the path started from my previous question I posted (https://ifrscommunity.com/forum/viewtopic.php?f=4&t=794) Summary: * Company has fixed rate debt and measures it at amortized cost * Entered into floating interest rate s...
by Some guy
01 Dec 2021, 15:28
Forum: IFRS-related topics
Topic: Hedge accounting - ineffective portion on FV hedge
Replies: 3
Views: 1100

Re: Hedge accounting - ineffective portion on FV hedge

In a nutshell, this discloure is requiring you to show the carrying amount of the hedged item (debt instrument at amortised cost) and the accumulated fair value adjustments that you have been bookinkg on top of the amortised cost (because you are applying hedge accounting). Also please bear in mind...
by Some guy
30 Nov 2021, 21:03
Forum: IFRS-related topics
Topic: Hedge accounting - ineffective portion on FV hedge
Replies: 3
Views: 1100

Hedge accounting - ineffective portion on FV hedge

Hi all, I'm running into some challenges with IFRS 7 hedge accounting disclosures, but first some background information: * Hedged item: Company's debt with fixed interest rates (debt measured at amortized cost) * Hedging item: Swap with variable interest rates * Applying Fair Value Hedge accounting...