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IFRS 9

This topic has 4 replies, 2 voices, and was last updated 4 years ago by Stephen Widberg.

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November 18, 2020 at 10:14 pm #595503
ghulam98
Member
- Topics: 19
- Replies: 15
When these financial assets are derecognised, the cumulative gains and losses
previously recognised in OCI are reclassified from equity to profit or loss. what assets are these ?? I mean oci or pnl
November 19, 2020 at 7:02 pm #595659
Stephen Widberg
Keymaster
- Topics: 16
- Replies: 3432
Derecognition:
Debt assets – recycle gains or losses from OCI to P&L
Equity assets – no recycling
November 19, 2020 at 8:57 pm #595672
ghulam98
Member
- Topics: 19
- Replies: 15
and what about liabilities ?
November 19, 2020 at 9:33 pm #595675
ghulam98
Member
- Topics: 19
- Replies: 15
and also when to add transaction costs ?? please I am having a hard time on financial instruments
November 20, 2020 at 1:17 pm #595767
Stephen Widberg
Keymaster
- Topics: 16
- Replies: 3432
Stop making up rules that don’t exist!
Liabilities – not sure I’ve ever seen an example.
Transaction costs
– financial asset ADD ON UNLESS FVTPL
– financial liability DEDUCT UNLESS FVTPL
(Also, one question per thread please)
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