"Abbreviations: FV - fair value, TC - transaction costs, BS - balance sheet, PL - profit and loss statement, FVTPL - fair value through PL, FVTOCI - fair value through other comprehensive income"																				
																				
		Financial asset								Financial liability										
																				
		debt instrument				equity instrument				debt instrument						equity instrument				
											(if obligation to repay)					(if no obligation to repay)				
		at amortized cost			at FVTPL		at FVTOCI			at amortized cost		at FVTPL								
		(hold strategy)			(others)		(hold and sell strategy)			(others)		(held for trading)								
General rules:																				
initial measurement		FV + TC in BS			"FV in BS, TC in PL"		FV + TC in BS			FV - TC in BS		"FV in BS, TC in PL"				FV - TC in BS				
subsequent measurement		amortized cost			changes in FV in PL		changes in FV in OCI 			amortized cost		"changes in FV in PL; however if change in value is due not to general % change, but due to entity credit risk change, in this case difference should be recorded in OCI"								
																				
Additional notes:																				
should be tested for impairment or revaluations?		impairment testing			revaluations		revaluations			-		revaluations				-				
"how FV, if any, is calculated?"		-			FV as current market price or as PV of future CF		FV as current market price or as PV of future CF			-		FV as current market price or as PV of future CF				FV as current market price or as PV of future CF (if delivery of consideration is deferred)				
"how amortized cost, if any, is calculated?"		Par value + Effective interest - Repayment			-		-			Par value + Effective interest - Repayment		-				-				
how transaction costs for FL are calculated?										"TC = % paid, discount on issue, premium on redumption, issue costs"										
how TC for FL which is equity instrument are recorded in BS?																TC reduce Share premium or Retained earnings accounts				
what can be issued as FL equity instrument?																"shares issued at normal market price, bonus issue of shares (as non-cash dividends), stock right issue (issue of shares at reduced market price), covertable bond issue (ordinary shares can be deliverd at maturity instead of cash), share options issue (allow purchase shares in the future at set price)"