Accounting · IFRS 9 Financial Instruments
In accordance with IFRS 9 Financial Instruments, what is the correct accounting treatment for an equity investment irrevocably designated at fair value through other comprehensive income (FVOCI) upon its disposal?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Loss on disposal: Recognise in profit or loss | Cumulative gain: Do not reclassify to profit or loss✓
- 2Loss on disposal: Recognise in retained earnings | Cumulative gain: Reclassify to profit or loss
- 3Loss on disposal: Recognise in other comprehensive income | Cumulative gain: Do not reclassify to profit or loss
- 4Loss on disposal: Recognise in profit or loss | Cumulative gain: Reclassify to profit or loss
Correct answer
Loss on disposal: Recognise in profit or loss | Cumulative gain: Do not reclassify to profit or loss
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