CERTYNEX IFRS ACADEMY

For a debt security measured at FVOCI, how is the loss allowance for expected credit losses presented?

In OCI, without reducing the carrying amount of the security; the impairment loss goes to profit or loss.

In equity, with no effect on the profit or loss of the year.

In profit or loss, with a provision in liabilities as the counterpart.

As a deduction from the carrying amount of the security, as for an asset measured at amortised cost.