Skutki przekwalifikowania instrumentów finansowych w wyniku zmiany intencji inwestora w świetle Międzynarodowych Standardów Rachunkowości
Reclassification of financial instruments following the change of the investor's intentions according to IAS

Summary/Abstract: The paper presents the problem of financial effects of financial instruments reclassification, which usually entails a change of the methods of their measurement. According to IAS, in the case of most financial instruments, the fair value measurement is claimed to be more accurate than at the adjusted purchase price. Instruments classified as positions maintained until the fixed maturity date constitute an exception, but only if the unit has a definite intention and ability to maintain such investment until the day of the redemption. Change of the investor’s intentions requires reclassif ication of these instruments into financial assets, with all related consequences. If the price of financial instruments is being changed, on an active regulated market, the reverse reclassification of financial instruments could also have an important effect on the situation. This is because reclassification of instruments from the portfolio of instruments available for sale to the portfolio of instruments maintained until the fixed maturity date may result from a particular policy of the unit, and subsequently also methods of estimation and rules of calculation of its financial results. It is then an optional maneuver, which may be caused by a particular shift in the market demand (for instance decrease in the prices of financial instruments) and its influence on the management of assets and liabilities.

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