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What does irrevocable election mean?

0 Votes
What does irrevocable election mean?

Relevant to IFRS 9

December 2nd 2014 AN ACCA USER 1,720 Points

2 Replies

+2 Votes

Irrevocable election is an election where you classify the thing to OCI and you can't reclassify it to P&L no matter what !

February 18th 2015 AN ACCA USER 5,330 Points
0 Votes

Yes the below answer is quite satisfactory

March 5th 2015 AN ACCA USER 630 Points
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