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Hello Dear tutor
According to IFRS 9 when a company buys the shares of another company.
As far as I know the company can use either FVTPL or FVTOCI in order to recogise its investment at the year end ( in the owner’s individual accounts).
But what is there is no active market for those shares? I mean if the company buys the shares of unquoted company, then what should we do?
I think we should use cost model but why IFRS 9 states nothing about this situation when the shares are unquoted?! Or maybe I am wrong?Regards
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