AC2102 - S8 - FRS39 Assets

Trading asset account closed fair value reserve from

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Unformatted text preview: ts Upon Recognition At cost + attributable expenses (See FRS 16 for details) On Sale P&L B/S • Any additional gain to Gain on Sales of Trading Securities • Corresponding Trading Asset account closed • Fair Value Reserve from B/s recycled to P/L – Gain/loss on sale of AFS securities Any additional gain/loss recorded under Gain/loss on sale of AFS securities in P&L • Fair Value Reserve closed Corresponding AFS Asset account closed • • Recognise Interest Income • At amortised cost NA Recognise Interest income/expense • At amortised cost/cost NA On Revaluation P&L Decrease in...
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This document was uploaded on 02/10/2014.

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