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Financial Instruments FVTOCI

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

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  • February 17, 2017 at 3:15 pm #372880
    hemraj123
    Member
    • Topics: 110
    • Replies: 188
    • ☆☆☆

    Sir, how is the disposal of financial asset which is held at FVTOCI shown in SOFP and SOCI?

    Thanks

    February 17, 2017 at 4:23 pm #372889
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    If it’s disposed of it won’t feature in the statement of financial position!

    Any gain or loss on disposal will go through comprehensive income and thence, by way of transfer within the statement of changes in equity, to retained earnings

    OK?

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