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Classification of financial assets

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Classification of financial assets

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  • August 29, 2017 at 11:46 am #404048
    trendline
    Member
    • Topics: 22
    • Replies: 15
    • ☆

    Hi,
    I’m trying to make sure I’ve got the hang of financial instruments.
    Not sure if you can answer this but I’m curious to know why an equity instrument held as a trade/to sell is measured at FVTPL, but a corporate bond held as a trade/to sell is measured at FVTOCI ?
    Seems like conflicting reasoning?

    Thanks

    August 29, 2017 at 8:48 pm #404156
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7065
    • ☆☆☆☆☆

    Hi,

    Yes, it is conflicting but even the standard recognises this to be the case too, so I wouldn’t worry about it too much.

    Thanks

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