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FVOCI- dev\bt V/s equity discrepancy

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › FVOCI- dev\bt V/s equity discrepancy

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.
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  • March 19, 2021 at 4:07 am #614711
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    sir when measuring debt instruments held as assets using FVOCI we recycle any gains/losses (at the redemption or realisation of investment) to SPL.

    However as far as equity instruments are held as financial assets, we can’t recycle any gains/losses to SPL upon realisation of asset’s worth/ disposal of asset.

    Sp why this discrepancy in treatment? why is the treatment for debt and equity the way it is? any light you would want to shed on this?

    Many thanks as always!
    Humbled to have you!

    March 19, 2021 at 12:30 pm #614780
    Stephen Widberg
    Keymaster
    • Topics: 12
    • Replies: 2843
    • ☆☆☆☆☆

    You are correct – and the rule changes every 3 or 4 years.

    Same as inconsistency in that IP gains are in P&L and PPE gains are in OCI (and not reconciled)

    For the exam I’m afraid that we just have to obey the rule. 🙂

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