Hi there Sir
In your newly recorded lectures during the chapter financial assets liabilties etc.
You told us that there is no longer any reclassification of items from equity to SPL ?
So any questions in our BPP kit which have mark scheme answer indicating that transfer
We should ignore it? right?
Ask the Tutor ACCA SBR
Reclassification from OCI to SPL
5y ago#1I think you are referring to sale of FVOCI instruments.
Equity - no recycling of gains or losses from equity to P&L. (There is still a reserve transfer to RE but that's not the same as it doesn't affect EPS etc, so, in this syllabus it's regarded as rather dull. :))
Debt - gains or losses are recycled.
Okay so if a debt instrument is carried through FVOCI then its gains and losses will be recycled?
5y ago#3Yes -100%!
Sign into reply to this topic.