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How shall an entity subsequently measure financial liabilities? Is IFRS measurement of financial liabilities similar to...

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Accounting

How shall an entity subsequently measure financial liabilities?Is IFRS measurement of financial liabilities similar to that ofU.S. GAAP? Also briefly describe the requirements regarding anoption to designate a financial liability at fair value throughprofit and loss. Does U.S. GAAP allow fair value option forfinancial assets and liabilities? What is “own credit” issuerelated to financial liabilities measured at fair value throughprofit and loss? How does IFRS 9 address this “own credit”issue?

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Solution 1 Under US GAAP characterizes a monetary instrument in more specifical way and expects it to be arranged both as a money related Liability or value instrument On the off chance that the backer risk to pay money isnt discretionary at that    See Answer
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