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Anyone have any handy ways of remembering how these are measured? Fvtpl fvoci etc.
FVTPL – by default = change in value goes to p&l = transaction cost is expensed
FVTOCI – if there is intent to hold the asset for long-term = change in value goes to OCI and is not re-classified to p&l in the event the asset is derecognised (disposed or reclassified) = transaction cost is capitalised.
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