Dear Sir,
I understand the following recognition method regarding transaction costs. Could you please confirm if it is correct:
Equity instruments :
- Held for trading - FVTPL: Transaction cost will be expensed
- Not held for trading - FVTOCI: Transaction cost will added to cost of investment
Financial assets:
- Amortised Cost: Transaction cost will be added to cost of investment.
- FVTOCI: Transaction cost will be added to cost of investment.
- FVTPL: Transaction cost will be expensed
Ask the Tutor ACCA SBR
IFRS 9 - Transaction costs when recognizing equity instrument and FA
Perfect.
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