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Bank Balances-Basic Financial Instruments FRS102

Are cash and bank balances measured at fair value?

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Dear colleagues, I would very much appreciate your help. Should the finanicial instruments note in the accounts regarding bank and cash balances read that they are measured at fair value or unamortised cost? Would be most grateful.

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By thevaliant
22nd Sep 2017 14:46

I believe they are shown at fair value (certainly my software shows them as such).

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Replying to thevaliant:
22nd Sep 2017 14:59

Thanks for your response. My software says the same but I fail to see how bank balances would be measured at fair value through the P & L that is why I queried it.

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