Search found 3 matches
- 23 Jul 2021, 05:48
- Forum: IFRS-related topics
- Topic: Financial Assets Classification for Mutual Fund
- Replies: 5
- Views: 5462
Re: Financial Assets Classification for Mutual Fund
@DJP it I am talking about the accounting for the bond in the fund.
- 21 Jul 2021, 16:10
- Forum: IFRS-related topics
- Topic: Financial Assets Classification for Mutual Fund
- Replies: 5
- Views: 5462
Re: Financial Assets Classification for Mutual Fund
Thank you @Marek Muc for sharing this insight. I have been through this reference but could not get a conclusive answer regarding my query. I agree with your point that the business model test and SPPI test are not the same. My concern is whether the business model assumption is valid for the fund t...
- 20 Jul 2021, 16:35
- Forum: IFRS-related topics
- Topic: Financial Assets Classification for Mutual Fund
- Replies: 5
- Views: 5462
Financial Assets Classification for Mutual Fund
A close-ended mutual fund with a maturity of 7 years has made an investment in a debenture of maturity of 10 years. Can this be a SPPI and classified as Amortized cost? The principal realization portion here depends on the fair value at the date of liquidation of the mutual fund. The mutual fund is ...