IFRS 9: Equity instrument (FVTOCI)Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › IFRS 9: Equity instrument (FVTOCI)This topic has 0 replies, 1 voice, and was last updated 2 years ago by mmmhhh.Viewing 1 post (of 1 total)AuthorPosts March 1, 2022 at 6:59 am #649537 mmmhhhMemberTopics: 4Replies: 0☆Hi,Investment in equity instruments (FVTOCI):Q1) Must fullfill both of the followings? Not held for trading; AND held for the long-termQ2) Derecognition of the Equity instrument (i.e: shares were sold) Which method is correct?Method 1 Gain on disposal of shares 3k: 1) Dr Cash 3k, Cr SPL 3k 2) A reserve transfer: Dr OCI accumulate gains, Cr Retained earningMethod 2 Gain on disposal of shares 3k: Dr Cash 3k, Cr OCI 3k OCI – Do nothing. Accumulate gains stay in OCI.Any assistance you can provide would be greatly appreciated!AuthorPostsViewing 1 post (of 1 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In