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IFRS 9

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 9

  • This topic has 4 replies, 2 voices, and was last updated 4 years ago by Stephen Widberg.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • November 18, 2020 at 10:14 pm #595503
    ghulam98
    Member
    • Topics: 19
    • Replies: 15
    • ☆

    When these financial assets are derecognised, the cumulative gains and losses
    previously recognised in OCI are reclassified from equity to profit or loss. what assets are these ?? I mean oci or pnl

    November 19, 2020 at 7:02 pm #595659
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3396
    • ☆☆☆☆☆

    Derecognition:

    Debt assets – recycle gains or losses from OCI to P&L

    Equity assets – no recycling

    November 19, 2020 at 8:57 pm #595672
    ghulam98
    Member
    • Topics: 19
    • Replies: 15
    • ☆

    and what about liabilities ?

    November 19, 2020 at 9:33 pm #595675
    ghulam98
    Member
    • Topics: 19
    • Replies: 15
    • ☆

    and also when to add transaction costs ?? please I am having a hard time on financial instruments

    November 20, 2020 at 1:17 pm #595767
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3396
    • ☆☆☆☆☆

    Stop making up rules that don’t exist!

    Liabilities – not sure I’ve ever seen an example.

    Transaction costs

    – financial asset ADD ON UNLESS FVTPL
    – financial liability DEDUCT UNLESS FVTPL

    (Also, one question per thread please)

  • Author
    Posts
Viewing 5 posts - 1 through 5 (of 5 total)
  • The topic ‘IFRS 9’ is closed to new replies.

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