⭐ Important points (exam-critical)
- ⭐Fair value hierarchy: Level 1 quoted prices, Level 2 observable, Level 3 unobservable inputs.
- ⭐Reclassification distinction: equity (no recycling) vs P&L (recycled) for FVOCI.
- ⭐Going concern assessment when material uncertainties exist (Ind AS 1, SA 570).
- ⭐Schedule III (Division II) for Ind AS preparers — different from Division I.
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