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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 9
Sir can you please explain the default classification for a debt asset as well as the subsequent measurement.
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.
But sir, isn’t FVTPL the default classification for all financial assets?
FVTPL is the default for equity instruments.