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of <h1>Understanding Amortised Cost Method in Ind AS 32, 107, 109: Key Role of Effective Interest Rate in Reporting</h1> The amortised cost method under Ind AS 32, 107, and 109 involves initially recognizing financial assets or liabilities at fair value, adjusted for transaction costs. For transactions on market terms, the effective interest rate is used to determine fair value. Off-market terms require discounting future cash flows using a market rate. At each reporting date, instruments are measured at amortised cost using the effective interest rate method, accounting for principal repayments, cumulative amortisation, and impairment provisions. Journal entries are provided for financial assets and liabilities, emphasizing the role of effective interest rate and transaction costs in financial reporting.
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