According to CFAI text "if Held for trading is reclassified as Available for Sale, any unrealized G/L goes to income" page 125? Shouldnt it go to OCI?作者: Houjichasan 时间: 2011-7-11 19:27
You would think so, best to quote page number and paragraph so that "according to...." can be taken in context.作者: Swanand 时间: 2011-7-11 19:27
sort of tricky...what you've quoted is correct, I would think of it like if you are reclassifying from trading to AFS, or AFS to trading, then since both of those involves trading, and trading unrealized gains/losses go to NI, then in these two cases you must recognize the impact of the reclassification in NI. Does that help?
If you go from HTM---> AFS, THEN the unrealized g/l goes to OCI作者: ayaz_mahmud369 时间: 2011-7-11 19:27
Should go to OCI I feel. Have you reported it to CFAI?作者: zhaoyp 时间: 2011-7-11 19:27
I remember this part, it has left me puzzled.
Does not really make sense, does it? Should not it go to the OCI?
Edited 2 time(s). Last edit at Monday, April 11, 2011 at 08:18AM by PositiveOutlook.作者: eoin 时间: 2011-7-11 19:27
have either of you read my comment? By the way, under IFRS you can't move/reclassify into or out of trading作者: ap0258 时间: 2011-7-11 19:27
By the way, under IFRS you can't move/reclassify into or out of trading
