Companies were permitted in 2008 to reclassify financial instruments that were initially designated as at fair value

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Companies were permitted in 2008 to reclassify financial instruments that were initially designated as at fair value through profit. Critically discuss the reasons for the standard setters changing the existing standard.

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Financial Accounting And Reporting

ISBN: 9781292255996

19th Edition

Authors: Barry Elliott, Jamie Elliott

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Question Posted: Nov 04, 2022 01:26 AM

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Companies were permitted in 2008 to reclassify financial instruments that were initially designated as at fair value

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In 2008 the accounting standard set ters changed the existing standard to allow companies to re clas...View the full answer

Financial Accounting And Reporting

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