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Fin. Assets Example 2

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Fin. Assets Example 2

  • This topic has 2 replies, 2 voices, and was last updated 7 years ago by Candy.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • May 23, 2018 at 3:04 pm #453606
    Candy
    Member
    • Topics: 135
    • Replies: 79
    • ☆☆☆

    Dear Tutor,

    In the first scenario how is the decision to recognise at FVTPL and not just FV.

    Please explain in what situations you would use both.

    I have watched the lecture but cannot understand why except that you have stated FVTPL is default.

    Many thanks in advance.

    May 24, 2018 at 1:27 pm #453738
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7177
    • ☆☆☆☆☆

    Hi,

    I’m sorry but I don’t quite get your point. We have either FVTPL or FVTOCI for our equity investments. They are all classified as FVTPL unless there is an intent to hold the financial asset for the foreseeable future, in which case it is FVTOCI.

    Please let me know if this doesn’t answer your query.

    Thanks

    May 25, 2018 at 9:49 am #453886
    Candy
    Member
    • Topics: 135
    • Replies: 79
    • ☆☆☆

    This clears it up for me.

    Thank you

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • The topic ‘Fin. Assets Example 2’ is closed to new replies.

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