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Reclassification from OCI to SPL

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Reclassification from OCI to SPL

  • This topic has 3 replies, 2 voices, and was last updated 1 year ago by Stephen Widberg.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • May 30, 2021 at 3:13 pm #622314
    osamasyed123
    • Topics: 50
    • Replies: 42
    • ☆☆

    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?

    May 30, 2021 at 4:36 pm #622323
    Stephen Widberg
    Moderator
    • Topics: 10
    • Replies: 2526
    • ☆☆☆☆☆

    I 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.

    May 31, 2021 at 1:02 pm #622422
    osamasyed123
    • Topics: 50
    • Replies: 42
    • ☆☆

    Okay so if a debt instrument is carried through FVOCI then its gains and losses will be recycled?

    June 1, 2021 at 11:58 am #622608
    Stephen Widberg
    Moderator
    • Topics: 10
    • Replies: 2526
    • ☆☆☆☆☆

    Yes -100%!

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