https://www.taxtmi.com/manuals?id=3043 Reclassification of financial assets requires measurement at fair value on the reclassification date and immediate recognition of the difference between prior carrying amount and that fair value in either profit or loss or other comprehensive income depending on the category transferred to; transfers from FVTOCI to amortised cost remove cumulative OCI and adjust the carrying amount as if always at amortised cost without affecting profit or loss; transfers from FVTPL to amortised cost set fair value as the new gross carrying amount and require recalculation of the effective interest rate. en-us Tue, 25 Jul 2023 12:41:00 +0530 Tue, 25 Jul 2023 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3043 Reclassification of financial assets requires measurement at fair value on the reclassification date and immediate recognition of the difference between prior carrying amount and that fair value in either profit or loss or other comprehensive income depending on the category transferred to; transfers from FVTOCI to amortised cost remove cumulative OCI and adjust the carrying amount as if always at amortised cost without affecting profit or loss; transfers from FVTPL to amortised cost set fair value as the new gross carrying amount and require recalculation of the effective interest rate. Manuals Companies Law Tue, 25 Jul 2023 12:41:00 +0530 https://www.taxtmi.com/manuals?id=3043