You are simply the best and very talented teacher, I have come across! You made the impossible become possible for me. I have learnt FI + hedging within 3 days following your lectures. I am currently doing my Chartered Accountant FR unit and have completed my 2 online test so far. I got 20/20 and I just couldn't believe it!!! I have a last online test with the final exam and im feeling pretty confident! Keep it up and you are my saviour :-)
@@gertj363 no! FVTPL and FVTOCI handled instruments can locate in both! When you hold it for sale => FVTPL when you hold it for intent not to sell => FVTOCI. Your intention can last over a year thus listed stocks can be recognised to non-current assets also.
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Further the asset is sold for 650k, so Dr investment 30k, Cr gain on disposal 30k. Also, Dr OCI of 80k, Cr Retained earnings 80k. This transferring OCI to RE. The text in the lecture notes. Still huge thanks to Chris!
@@bekarare Is this correct? I would have thought if the asset was sold, you wouldn't increase the investment as no investment exists? Would it not be Dr Cash 650k, Cr Investment 620k (clearing the investment) and Cr OCI 30k? Then Dr OCI 110k, Cr Gain on disposal (P&L) 110k?
