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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Accounting loss allowance on asset measured at FVTOCI
Dear Sir
Hope you can resolve a confusion i have, how should i account the expected credit loss when asset is measured at FVTOCI. Does the changes in fair value includes the adjustment made on the expected credit loss. (e.g if fair value is down by $10, and ECL is also being adjusted downward by $5, do i split that $10 into $5 to P&L and $5 to OCI?)
Thanks
Hi,
Yes, the portion of the fall relating to the credit loss is taken through profit or loss, the remainder is taken through OCI.
Thanks