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Transaction cost in IFRS9

This topic has 1 reply, 2 voices, and was last updated 13 years ago by MikeLittle.

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November 29, 2011 at 9:09 am #50776
jasmineweiwei
Member
- Topics: 3
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how to account for transaction cost under IFRS9?
will it be deduct from intial recognition or go to P&L directly?
November 29, 2011 at 4:40 pm #90370
MikeLittle
Keymaster
- Topics: 27
- Replies: 23203
If you put “IFRS9 transaction costs” into google, this is what it says
Transaction costs are not added
–> for financial assets at fair value through profit or loss (FVPL)
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