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Financial instrument

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Financial instrument

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.
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  • September 27, 2024 at 12:20 am #711786
    shah19888888
    Participant
    • Topics: 20
    • Replies: 10
    • ☆

    HI,

    When financial institutions hold bonds that they receive interest payments for but don’t hold onto to maturity but sell on, what is the accounting treatment for this?

    regards

    September 27, 2024 at 9:06 am #711789
    Stephen Widberg
    Keymaster
    • Topics: 17
    • Replies: 3444
    • ☆☆☆☆☆

    I think it will be obvious in the exam question. If planning to sell on, likely to be FV through OCI.

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