Wednesday, April 29, 2009
8:20 PM...............................................................................
Was reading up on impairment of financial assets on my text.
HTM - tick
L& R - tick
AFS - tick
And i was wondering. Why the textbook nv mention FVTPL!!!
That was when it hit me.
FVTPL is carried at fair value and changes go through the P/L. So u record impairment loss or not also no diff. It goes through the P/L.
Like hello. Is anyone home???
*wake up ys. wake up*
Zzz
