[IFRS 9 Financial Instruments deleted paragraph B4 of IFRS 7.]
Categories of financial assets and financial liabilities (paragraph 8)
BC14 Paragraph 8 requires entities to disclose financial assets and financial liabilities by the measurement categories in IFRS 9 Financial Instruments. The Board concluded that disclosures for each measurement category would assist users in understanding the extent to which accounting policies affect the amounts at which financial assets and financial liabilities are recognised.
BC15 The Board also concluded that separate disclosure of the carrying amounts of financial assets and financial liabilities that are designated upon initial recognition as financial assets and financial liabilities at fair value through profit or loss and those mandatorily measured at fair value is useful because such designation is at the discretion of the entity.
Financial assets or financial liabilities at fair value through profit or loss (paragraphs 9-11, B4 and B5) [IFRS
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