Disposal of financial assetsForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Disposal of financial assetsThis topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts November 23, 2020 at 10:01 pm #596202 Ibra@2605MemberTopics: 5Replies: 2☆If a financial asset through OCI is disposed, IFRS 9 states that it cannot be transferred to profit or loss when disposed off but it may be transferred within equity.What does it means exactly November 24, 2020 at 8:04 am #596236 Stephen WidbergKeymasterTopics: 15Replies: 3355☆☆☆☆☆If asset is DEBTDr OCI / Revaluation reserve (SOCIE) Cr P&Lwith accumulated gains.If asset is EQUITYDr Revaluation reserve (SOCIE) Cr Retained earnings (SOCIE)with accumulated gains.Or of course other way round for losses.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In