FVTOCI: Difference between revisions
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Fair Value Through the statement of Other Comprehensive Income. | Fair Value Through the statement of Other Comprehensive Income. | ||
FVTOCI describes an accounting treatment for changes in the fair values of derivative instruments. | |||
Under FVTOCI, changes in fair value are ''not'' reported as part of profit or loss (earnings) for the period. | |||
Instead they are reported as part of 'other comprehensive income'. | |||
The consequence of FVTOCI treatment is to avoid volatility in reported earnings. | |||
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*[[FVTPL]] | *[[FVTPL]] | ||
*[[Statement of profit or loss and other comprehensive income]] | *[[Statement of profit or loss and other comprehensive income]] | ||
* [[IFRS 9]] | * [[IFRS 9]] | ||
* [[IFRS 9 hedge accounting reforms: a closer reflection of risk management?]] | * [[IFRS 9 hedge accounting reforms: a closer reflection of risk management?]] | ||
* [[IFRS 13]] | * [[IFRS 13]] | ||
* [[Statement of comprehensive income]] | * [[Statement of comprehensive income]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 19:02, 29 January 2022
Financial reporting.
Fair Value Through the statement of Other Comprehensive Income.
FVTOCI describes an accounting treatment for changes in the fair values of derivative instruments.
Under FVTOCI, changes in fair value are not reported as part of profit or loss (earnings) for the period.
Instead they are reported as part of 'other comprehensive income'.
The consequence of FVTOCI treatment is to avoid volatility in reported earnings.
