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financial asset

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › financial asset

Viewing 2 posts - 1 through 2 (of 2 total)
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  • July 30, 2023 at 5:57 pm #689154
    JohnnySins
    Participant
    • Topics: 60
    • Replies: 38
    • ☆☆

    sir in the lecture video you mentioned that for tradable debt you could measure it using FVTOCI however in the notes it says profit and loss. can you explain when can we measure debt using FVTPL OR FVTOCI Thanks.

    August 6, 2023 at 8:18 am #689439
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7193
    • ☆☆☆☆☆

    Hi,

    It should be FVTOCI but what you will see at the next level (SBR) is that there is an option to hold at FVTPL but you do not need to be aware of this for the FR exam.

    In this exam you are likely to see the debt measured at amortised cost.

    Thanks

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