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Irrevocable Election means an Eligible Employee's one-time irrevocable written election to participate in the Plan made on the Applicable Form and filed with the Board no later than 90 days after first becoming an Eligible Employee; provided, however, that if an Eligible Employee initially elects to participate in SRPS, he or she may change ...
A company can make an irrevocable election at initial recognition for investments in equity instruments to be measured at FVOCI if they are not held for trading. IFRS 9 contains an option to designate, at initial recognition, a financial asset as measured at FVTPL if it would eliminate or significantly reduce an ‘accounting mismatch’.
However, entities can choose on initial recognition, by making an irrevocable election on an investment-by-investment basis, to present fair value movements in OCI for investments in equity instruments that are not ‘held for trading’.
However, management can make an irrevocable election to present changes in fair value in other comprehensive income, provided the instrument is not held for trading. If the equity instrument is held for trading, changes in fair value are presented in profit or loss. Expected credit losses.
irrevocable election to present in OCI subsequent changes in the fair value of an investment in an equity instrument that is within the scope of IFRS 9, and that is not held for trading.
For particular investments in equity instruments that an entity would otherwise measure at fair value through profit or loss, paragraph 4.1.4 of IFRS 9 permits an entity to make an irrevocable election at initial recognition to present subsequent changes in fair value in other comprehensive income.
Jun 4, 2024 · If an equity investment is not held for trading, an entity can make an irrevocable election at initial recognition to measure it at FVTOCI with only dividend income recognised in profit or loss. [IFRS 9, paragraph 5.7.5]
