Professional Documents
Culture Documents
LECTURE AID
2019
Learning Competencies
characteristics.
obligation :
a. to deliver cash or another financial asset to another entity; or
b. to exchange financial assets or financial liabilities with another
entity under conditions that are potentially unfavorable to the
entity; or
liabilities that are classified as held for trading and those that are
designated; these are subsequently measured at fair value)
3. Warranty obligations
reporting period; or
• Under IFRIC 17, the liability to pay a dividend is recognized when the