IFRS 9, ECL, FVTOCI

This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.

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September 7, 2021 at 1:40 pm #634728
tinkle
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Dear Sir,

just need a quick clarification in case of Equity at FVTOCI, we’re going to make amortization schedule as we do in Amortized cost method, and we COMPARE the FV with the y/e financial asset balance?
September 8, 2021 at 4:10 pm #634935
Stephen Widberg
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No – that would only happen with debt.

Equity – all you have is dividends (accounted for on a cash received basis) and change in market price.

So no horrible amortised costs
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