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Financial instrument

This topic has 1 reply, 2 voices, and was last updated 2 months ago by Stephen Widberg.

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September 27, 2024 at 12:20 am #711786
shah19888888
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HI,
When financial institutions hold bonds that they receive interest payments for but don’t hold onto to maturity but sell on, what is the accounting treatment for this?
regards
September 27, 2024 at 9:06 am #711789
Stephen Widberg
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I think it will be obvious in the exam question. If planning to sell on, likely to be FV through OCI.
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