Financial Accounting and Reporting

Compare and contrast investment gains and losses, booked to OCI under U.S. GAAP and IFRS.

U.S. GAAP uses positive ability and intent, to classify securities as HTM. Provide the factors used by IFRS.

Guidance for reversal of impairment loss on debt investments, for both U.S. GAAP and IFRS.

For HTM valuations, U.S. GAAP uses an effective interest rate based on contractual cash flows, and contractual life. Provide the IFRS equivalent.