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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Financial instrument – initial recognation
Dear tutor
could you please have a look below initial recognation whether it’s correct
financial liability- debit instrument(issue bound) : FV – transaction cost
financial asset – debit instrument(buy loan): FV + transaction cost
financial asset – equity instrument( buy shares) :
FVTPL: FV – transaction cost ( I am not sure about this one, or should all financial asset using FV+ transaction cost?)
FVOCI: FV + transaction cost
Many thanks
Only error:
Is equities – if FVPL – just FV (transaction costs go somewhere else…………..P&L)