Thanks Sir for such a wonderful video. This topic was confusing but you have cleared all my doubts. I am happy to share that I have successfully completed DIP IFRS - ACCA Uk with 73 marks. Special thanks to you
Hi, The Video was amazing. I am struggling on the Journal Entry for the Financial Instruments - do you have any videos on Journal Entries that might be able to help in all the topics in identifying when it goes to OCI or P&L?
Hi Sir I am Ganesan here. I have question. We are utility sector and we got our business awarded. After awarded, we entered two derivatives for the interest rate swap to hedge our interest rates against Debts. 1. Debt for construction, duration to complete is 2 years 2. Debt for operation, duration is 10 years. Since the financial close (the high probable event) did not occur hence kept our two derivatives with goldman open. When the event happened, we cancelled hedging since the high probable event (financial close achieved, i.e. debt contracts are signed) occurred. Now we need to enter into two more derivatives to hedge the interest rate swap as per contract with the lending banks to protect our debt interest rate swap. Now my question is: we cancelled existing two derivatives with goldman and recognised Gain on interest rate swap cancellation into OCI. This OCI will be amortised over the period of construction + operation against the fair value MtM valuation of new two derivatives. Is it allowed our gain to OCI as per IFRS9/IAS39 since it's being hedged against economical event risk considering its effectiveness. Please advise
Thanks Sir for such a wonderful video. This topic was confusing but you have cleared all my doubts. I am happy to share that I have successfully completed DIP IFRS - ACCA Uk with 73 marks. Special thanks to you
Hi. It is good to hear that you passed your exam. Congrats. We wish you good luck.
Explained in a very easy manner. Keep making such informative videos
Thanks for the kind words. Dont forget to like and share the video.
Thank you sir, your explanation help me a lot to understand this topic.
Hi. It's good to hear thar it helped you. Good luck.
Well done sir
Thank you sir! It is really helpful to understand the concept.
Most welcome!
Great vid!! Thank you :)
Glad you liked it!
very well explained. Thank you.
Thanks a lot!
Amazing explanation... do you have more videos on this..
Yes, soon
Hi, The Video was amazing. I am struggling on the Journal Entry for the Financial Instruments - do you have any videos on Journal Entries that might be able to help in all the topics in identifying when it goes to OCI or P&L?
Hi. Watch other videos for IFRS 9 and you may get the required knowledge.
can u make video on currency basis spread?
Can you explain if there is any Hedge Ratio to be calculated in IFRS 9 ?
Under IFRS 9, Hedge Ratio should be same for hedge accounting as set for risk management.
Hi Sir
I am Ganesan here. I have question.
We are utility sector and we got our business awarded. After awarded, we entered two derivatives for the interest rate swap to hedge our interest rates against Debts.
1. Debt for construction, duration to complete is 2 years
2. Debt for operation, duration is 10 years.
Since the financial close (the high probable event) did not occur hence kept our two derivatives with goldman open.
When the event happened, we cancelled hedging since the high probable event (financial close achieved, i.e. debt contracts are signed) occurred.
Now we need to enter into two more derivatives to hedge the interest rate swap as per contract with the lending banks to protect our debt interest rate swap.
Now my question is: we cancelled existing two derivatives with goldman and recognised Gain on interest rate swap cancellation into OCI. This OCI will be amortised over the period of construction + operation against the fair value MtM valuation of new two derivatives.
Is it allowed our gain to OCI as per IFRS9/IAS39 since it's being hedged against economical event risk considering its effectiveness. Please advise
Hi. Could you please send this query, or other details to the tutor/ Ifrs expert to his email address ... msyedali72@yahoo.com