09-29-2004, 05:07 PM
W Salam (idrees)
i think the change in intent applies, if the org. have loads of HTM and part of them are sold prematurely, then the directors have to consider if the catagory needs changing for all of them.
However, if the only batch being held is sold prematurely, change of intent applies but makes no difference to reclassify and then pass the gain/loss through p&L.
Please correct me if my understanding is incorrect and btw what did you do pracs.
i think the change in intent applies, if the org. have loads of HTM and part of them are sold prematurely, then the directors have to consider if the catagory needs changing for all of them.
However, if the only batch being held is sold prematurely, change of intent applies but makes no difference to reclassify and then pass the gain/loss through p&L.
Please correct me if my understanding is incorrect and btw what did you do pracs.
