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F2 – Financial Instruments. Financial Assets example 1

Forums › CIMA Forums › F2 – Financial Instruments. Financial Assets example 1

  • This topic has 0 replies, 1 voice, and was last updated 5 years ago by Avatarsdinnis.
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  • July 6, 2020 at 2:38 am #576082
    Avatarsdinnis
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    hi there, the example was 100k shares bought in November 15 and how they would be accounted for. The answer stated it should be classed as Held for Trading (FVTPL). Why is this? The question didnt mention the intention in buying them so why assume they are held for trading? thanks 🙂

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