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Financial Instruments

Ccouragenew9y ago
Hello tutor, In estimating costs of equity investments classified as FVTPL, do we capitalise transaction costs as done in FVTOCI Thank you
MikeLittleMikeLittleTutor9y ago#1
From the IASPLUS website on IFRS 9 "Initial measurement of financial instruments All financial instruments are initially measured at fair value plus or minus, in the case of a financial asset or financial liability not at fair value through profit or loss, transaction costs" So if they ARE at fair value through profit or loss, we do NOT include the transaction costs OK?
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