Search found 3 matches

by Saugat
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.
by Saugat
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...
by Saugat
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 ...