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IFRS 9 – Fair value through OCI

Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › IFRS 9 – Fair value through OCI

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by zarinastu.
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  • October 20, 2020 at 10:38 am #590747
    Anonymous
    Inactive
    • Topics: 8
    • Replies: 8
    • ☆

    When an entity measures FINANCIAL instruments through other comprehensive income, gains/losses are credited/debited to OCI (?) but where does the other side of the journal go?

    November 12, 2020 at 5:37 am #594764
    zarinastu
    Participant
    • Topics: 0
    • Replies: 3
    • ☆

    If losses:
    Dr OCI xx
    Cr FVTOCI Financial Asset xx

    If gain
    Dr FVTOCI Financial Asset xx
    Cr OCI xx

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