Routine transfers of debt investments among the trading, available for sale, and held to maturity portfolios need not be disclosed in the financial statements.

Question

Quizplus · Accepted Answer

Routine transfers of debt investments among the trading, available for sale, and held to maturity portfolios are considered significant and must be disclosed in the financial statements. Disclosure of the reasons for the transfer, the nature and amount of securities transferred, and the accounting treatment for any resulting gains or losses is required.

Routine Transfers of Debt Investments Among the Trading, Available for Sale