Standards I Read Today
Started with IFRS 9 this morning. There are a lot of tables in the application guidance with examples of scenarios that indicate whether the hypothetical instrument is amortized cost vs FVTPL vs FVTOCI. I’m thinking about turning those examples into flashcards (ie. the front would be the scenario, the back would be what kind of instrument it is). Well, now it’s 7:30pm, and I’m NEARLY DONE reading this goddamn standard. I still haven’t read the final chapter (6) because it’s about hedge accounting which isn’t that important, and I really need to get started on the CAS readings for ACC 650 tomorrow.
Finished CSQM 2, it was a fairly short standard.
Also finished CAS 230! It was even shorter, so I managed to wrap it up really quickly before I went to bed.