Ask a Question

Investments in equity shares - accounting treatment?

in IAS 39 - Financial Instruments: Recognition and Measurement by
recategorized by
we have some equity shares in companies which are not quoted in the stock market. Under local GAAP we record these investments at cost. i wonder what is the treatment for this type of investments under IFRS.

Please log in or register to answer this question.

2 Answers

1 like 0 dislike
by
selected by
 
Best answer
IAS 39 is applicable here. If you are holding them for sale, such shares should be recognized as financial assets and classified as fair value through profit & loss (FVTPL).
0 like 0 dislike
by
Yes it is treated as financial assets and accounted for as per IAS 39

Related questions

Welcome to AccountantAnswer Forum, where you can ask questions and receive answers on Accounting-related questions.

Get AccountantAnswer App

Categories

Snow Theme by Q2A Market
Powered by Question2Answer


...