Financial assets- Equity instrumentForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Financial assets- Equity instrumentThis topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts January 5, 2021 at 12:36 pm #601533 Noah098MemberTopics: 935Replies: 352☆☆☆☆☆sir i understand that any asset in the form of equity instrument once recorded under FVOCI cannot be reclassified and put under FVPL.But is the other way round possible? Where an asset(equity) held under FVPL be reclassified to FVOCI? January 6, 2021 at 3:28 pm #601746 Stephen WidbergKeymasterTopics: 16Replies: 3427☆☆☆☆☆To avoid ‘cherry picking’ you cannot change from FVOCI to FVPL. I suspect that, if you interpret the rule literally, you can’t go the other way.Bear in mind that this is not a big exam topic! Examiner tends to tell you how financial instruments are classified.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In