IFRS 9Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 9This topic has 3 replies, 2 voices, and was last updated 6 years ago by P2-D2.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts September 13, 2018 at 9:15 pm #474522 gangsta1MemberTopics: 75Replies: 10☆☆Sir can you please explain the default classification for a debt asset as well as the subsequent measurement. September 15, 2018 at 9:36 pm #474699 P2-D2KeymasterTopics: 4Replies: 7065☆☆☆☆☆For debt instruments the default treatment is FVTOCI, unless the fair value option is chosen. If it meets the business model test and contractual cash flow test then it will be treated as amortised cost. September 16, 2018 at 2:02 am #474718 gangsta1MemberTopics: 75Replies: 10☆☆But sir, isn’t FVTPL the default classification for all financial assets? September 16, 2018 at 9:13 pm #474772 P2-D2KeymasterTopics: 4Replies: 7065☆☆☆☆☆FVTPL is the default for equity instruments.AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In