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“If an entity changes its business model for managing financial assets, all affected financial assets are reclassified (e.g. from fair value through profit or loss to amortised cost). This only applies to investments in debt.”
Sir i pick the above passage directly from Kaplan. And with regards to that I have a doubt.
If an entity has 3 bonds each recognised at Amortised cost(the entity was planning to hold them till maturity),but now if the entity happens to change its plans and wants to trade two of its bonds(in near future not now) then will the entity be forced to reclassify all 3 bonds at FVOCI?
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