https://www.taxtmi.com/manuals?id=3030 Classification of financial assets for subsequent measurement depends on two linked assessments: the business model test and the contractual cash flow characteristics test. The business model test examines how assets are managed to generate cash flows - held to collect, held to collect and sell, held for trading, or otherwise. If the business model is to collect or to collect and sell, the contractual cash flows must be examined to determine whether they are solely payments of principal and interest in the asset's currency; only if both tests are satisfied is measurement at amortised cost or fair value through other comprehensive income appropriate. en-us Mon, 17 Jul 2023 17:45:00 +0530 Mon, 17 Jul 2023 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3030 Classification of financial assets for subsequent measurement depends on two linked assessments: the business model test and the contractual cash flow characteristics test. The business model test examines how assets are managed to generate cash flows - held to collect, held to collect and sell, held for trading, or otherwise. If the business model is to collect or to collect and sell, the contractual cash flows must be examined to determine whether they are solely payments of principal and interest in the asset's currency; only if both tests are satisfied is measurement at amortised cost or fair value through other comprehensive income appropriate. Manuals Companies Law Mon, 17 Jul 2023 17:45:00 +0530 https://www.taxtmi.com/manuals?id=3030