Answered Questions

Date Submitted	11-Jul-10
Category	Financial Accounting & Reporting
Heading	CLP Page 35 Unit 2
Question	in the other requirement section, it says "designated as at fair calue through profit and loss or available to be sold" how do we understand this? why they are excluded?
Answer	It means if they have already been designated as meeting one of the other categories.eg.fair value through the profit & loss, then they can't be also treated as meeting held to maturity or available for sale