AASB 9 requires subsequent measurement of a financial asset at amortised cost when two tests have been satisfied. Those two tests are:
A) fair value test; impairment test
B) fair value test; business model test
C) fair value test; cash flows characteristics test
D) business model test; cash flows characteristics test

Question

Quizplus · Accepted Answer

The two tests required by AASB 9 for the subsequent measurement of a financial asset at amortised cost are the business model test and the cash flows characteristics test.

AASB 9 Requires Subsequent Measurement of a Financial Asset at Amortised