Classification of financial assets

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August 29, 2017 at 11:46 am #404048
trendline
Member
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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
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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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