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FVOCI and FVPL 6/12 ethan

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › FVOCI and FVPL 6/12 ethan

  • This topic has 1 reply, 2 voices, and was last updated 11 years ago by AvatarMikeLittle.
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  • November 9, 2014 at 12:56 pm #208574
    Avatarkerri
    Member
    • Topics: 132
    • Replies: 240
    • ☆☆☆

    Hi Mike

    How do you know which items should go to FVPL or FVOCI? is this depends on the question.

    I done 6/12 ethan, and in solutions it states that ” credit risk must be recognised to OCI rather than to PL” I thought fv changes such as exchange rates, changes to equity then treated to OCI? I don’t know and very confused.

    November 10, 2014 at 3:56 pm #208854
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    And revaluation surpluses – don’t forget them

    Basically, it’s gains and losses not achieved / suffered as a result of “normal” activities

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