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US GAAP | IFRS |
The total change in fair value of available-for-sale debt securities—net of associated tax effects—is recorded in OCI.
Any component of the overall change in fair market value that may be associated with foreign exchange gains and losses on an available-for-sale debt security is treated in a manner consistent with the remaining overall change in the instrument’s fair value.
| For debt instruments measured at FVOCI, the total change in fair value is bifurcated, with the portion associated with foreign exchange gains/losses on the amortized cost basis separately recognized in the income statement. The remaining portion of the total change in fair value (except for impairment losses) is recognized in OCI, net of associated tax effects. |
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Select a section below and enter your search term, or to search all click IFRS and US GAAP: similarities and differences