The objective of the ‘hold to collect’ business model is to hold financial assets to collect their contractual cash flows, rather than to selling the assets
Under the 'hold to collect and sell’ business model, the objective is to both collect the contractual cash flows and sell the financial asset for cash
The financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent and its subsidiaries are presented as those of a single economic entity. The detailed ‘mechanics’ of the consolidation process vary from one group to another, depending on the group’s structure, history and financial reporting systems. IFRS 10 and much of the literature on consolidation are based on a traditional approach to consolidation under which the financial statements (or, more commonly in practice, group ‘reporting packs’) of group entities are aggregated and then adjusted on each reporting date.
Financial assets measured at fair value through profit or loss 2. This is part of the classification of financial assets, representing the remaining or designated class of financial assets.
Financial assets and liabilities measured at amortised costs minus the principal repayments, plus or minus the cumulative amortisation using the effective interest method.
Existence uncertainty possibly combined with a low probability of inflows or outflows of economic benefits and an exceptionally wide range of possible outcomes,
Fair value option - There are two of them 1) the FV option for debt instruments and 2) the FVOCI option for equity instruments (not held for trading)