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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › What's the difference in valuation financial instruments
What is the difference between measuring financial instruments at ‘Fair value’ and ‘Fair value through profit or loss’?
The different expressions are “at fair value through profit and loss” and “at fair value through comprehensive income”
In the first situation, changes in fair value are reflected in the Statement of Income and, in the second situation ……..(you can guess!)
Ok?
It would be much easier if the expression ‘fair value through comprehensive income’ was written in the book.
Ok.
Yes, it probably would!