Debt instruments at FVOCI, FVTPL gains and modification of an asset's cash flows

A debt instrument at FVOCI takes interest, credit losses and exchange differences to profit or loss, puts the rest in OCI and recycles it on exit; an asset at FVTPL takes all its gains and losses to profit or loss; a modification of an asset's cash flows gives a modification gain or loss.

In this lesson

1. 2Understand
2. 3The IFRS rule
3. 4Numerical example
4. 5Journal entry
5. 6Key points
6. 7Exercises