In particular, "available for sale" classification generally requires fair value measurement, with unrealized fair value gains and losses included directly in equity and transferred to profit and loss when realized. This new reporting flexibility has implications for reporting systems and balance sheet and profit and loss reporting...
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This new reporting flexibility has implications for reporting systems and balance sheet and profit and loss reporting. The implications for companies depend on the extent to which the measurement basis of financial liabilities is changed on adoption of AASB139.
? General provisions. Provisions for impairment will be accounted for in accordance with AASB139, which will replace AASB1044 ?provisions, contingent liabilities and contingent assets'...