Advanced Accounting (Canada)

Equity Investments: Classification & Fair Value

14 flashcards · answers and review in the app

When is a FVTPL investment classified as a current asset vs noncurrent?
For a FVTPL equity investment, where are unrealized/realized gains, losses, and dividends reported?
What is the key difference in OCI recycling between the old IAS 39 fair-value-through-OCI treatment and IFRS 9 FVTOCI?
What distinguishes a strategic from a nonstrategic equity investment?
Before fair-value reporting was introduced, how were equity investments generally reported, and what was the asymmetry?
How are nonstrategic equity investments measured under ASPE (§3856), and what about OCI?
For a FVTOCI investment, where do gains/losses, dividends, and the cumulative OCI balance go?
Under IFRS 9, how must all nonstrategic equity investments be measured?
How does IFRS 13 define fair value?
Why does measuring all equity investments at fair value improve financial reporting, per the IASB's rationale?
Under the cost method, how is an equity investment measured and how is income recognized?
How are liquidating dividends treated under current standards?
What is the FVTOCI election, and when is it made?
How does the level of influence of a strategic equity investment map to its reporting method?