Journal Entries for Financial Assets and Financial Liabilities held at Fair Value Through Profit or Loss (FVTPL) under IFRS 9

IFRS 9 requires changes in fair value on financial liabilities designated as at FVTPL to be split into: the amount of change in fair value attributable to changes in credit risk of the liability, (presented in OCI) and the remaining amount (presented in P&L). The new guidance allows the recognition of the full amount of …

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