Skip to content
Sign inRegister

Ask the Tutor ACCA SBR

IFRS 9 (Change in Accounting Policy)

AAbdullah4y ago
If an entity previously classify an instrument FVTPL but company changes the policy and now classify it at Amortized Cost. Will this be considered as change in accounting policy and should be treated as retrospectively?
stephenwidbergstephenwidbergTutor4y ago#1
Unless they have made a mistake any change in classification would be as a result of a change in business model. So I would not see this as a change in accounting policy.
stephenwidbergstephenwidbergTutor4y ago#2
Unless they have made a mistake any change in classification would be as a result of a change in business model. So I would not see this as a change in accounting policy. I would not get too hung up about this for the exam. :)
Sign into reply to this topic.