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Financial Instruments

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Financial Instruments

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by P2-D2.
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  • September 19, 2019 at 11:34 am #546688
    arunotes
    Member
    • Topics: 65
    • Replies: 39
    • ☆☆

    Financial instruments – Example (FVTPL and FVTOCI)

    With regards to the example number 2 in the lecture, how do we recognised the sales of shares?
    The shares were subsequently sold for 650,000 on 31.1.2016.

    Financial instruments – financial assets
    With regards to the amortised cost, as per u mention if the investment in debt that is tradable, we may still use FVTOCI? What does it means??

    How about the notes mentioned : the financial asset may still be measure using FVTPL, even if both tests are satisfied if it eliminiates an inconsistency in measurement (FV option)? Can briefly explain about this?

    Thanks

    September 22, 2019 at 7:38 am #547024
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6453
    • ☆☆☆☆☆

    Hi,

    The answer at the back explains how to treat the disposal at $650,000. If there is something that you do not understand then please let me know and I can explain.

    If the debt is at FVTOCI then you would measure it at its fair value at each reporting date and then gains/losses will go through other comprehensive income.

    Don’t worry about this section of the notes, it is more related to SBR and I will remove it from the next set of notes.

    Thanks

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