Is the intercompany financing in the scope of IFRS 9 or IAS 27? Intercompany financings that, in substance, form part of an entity’s ‘investment in a subsidiary’ are not in IFRS 9’s scope. Rather, IAS 27 applies to such investments. …
The liabilities are classified as either current or non-current based on the rights existing at the end of the reporting period. Liabilities are classified as non-current if the entity has a substantive right to defer settlement for at least 12 …