ACCOUNTING AND FINANCIAL REPORTING.

Running head: ACCOUNTING AND FINANCIAL REPORTING
Accounting and Financial Reporting
Name of the Student:
Name of the University:
Author’s Note:

1ACCOUNTING AND FINANCIAL REPORTING
Table of Contents
Answer to question 2:......................................................................................................................2
Sub part a:....................................................................................................................................2
Sub Part b:....................................................................................................................................3
Answer to question 3:......................................................................................................................4
Sub part a:....................................................................................................................................4
Sub part b:....................................................................................................................................5
Sub part c:....................................................................................................................................6
References and bibliography:..........................................................................................................7

2ACCOUNTING AND FINANCIAL REPORTING
Answer to question 2:
Sub part a:
AASB 9 serves the rules and guidelines of revaluing and restating financial liabilities in
the books of accounts (AASB 2015). As per the standards an entity’s financial liabilities needs to
be revalued based on the fair value of such liabilities and restated in the books of accounts in that
value. Following the requirements of AASB9, fair value of debentures of Kruger Ltd Can be
computed as follows.