Notes

If you buy shares in a company, this is called an investment in an equity instrument (big words, but easy to understand)

So what do you do with this investment, after you've bought it?

Well you have 2 choices:

1) Treat it as FVTPL

Here you revalue it every year on the SFP - and the difference goes to the I/S

1) Treat it as FVTOCI

Here you revalue it every year on the SFP - and the difference goes to the OCI

So which do I choose in the exam?

Unless told otherwise presume it's a FVTPL :)