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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 9 (Change in Accounting Policy)
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?
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.
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. 🙂