I need to let our accounting staff to understand the accounting implications and the steps required when comes to acquisition of investments. Please explain and relate to all relevant SFRS

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When acquiring investments, accounting staff must understand that the treatment depends on the nature and purpose of the investment. Five key SFRS standards apply: SFRS 9 for financial instruments, SFRS 40 for investment property, SFRS 28 for associates and joint ventures, SFRS 10 for consolidated financial statements, and SFRS 3 for business combinations. The classification depends on the investment purpose, level of control, and business model for managing assets. Initial recognition occurs when the entity becomes party to contractual provisions or obtains control of the asset. Investments are generally measured at fair value on acquisition date. Transaction costs treatment varies by classification: for fair value through profit or loss investments, costs are expensed immediately, while for amortised cost or fair value through other comprehensive income, costs are added to initial measurement. Investment property includes transaction costs in the initial cost. Under SFRS 9, financial instruments are classified based on the business model for managing assets and contractual cash flow characteristics. There are three categories: Amortised Cost for assets held to collect contractual cash flows with solely principal and interest payments, Fair Value Through Other Comprehensive Income for hold to collect and sell strategies or equity with irrevocable election, and Fair Value Through Profit and Loss as the default category for trading or other investments. Subsequent measurement varies by classification. Amortised cost uses the effective interest method with interest income to profit and loss. Fair value through OCI for debt instruments records fair value changes in other comprehensive income with interest to profit and loss, recycling gains and losses on disposal. For equity instruments at FVOCI, fair value changes go to OCI with dividends to profit and loss but no recycling. Fair value through profit and loss records all changes including interest and dividends directly to profit and loss. Expected credit loss impairment applies to amortised cost and FVOCI debt instruments. To summarize the key points for accounting staff: Classification at initial recognition determines all subsequent accounting treatment. Transaction costs are expensed for fair value through profit and loss but capitalized for other classifications. SFRS 9 requires careful assessment of business model and cash flow characteristics. Proper documentation of investment purpose is crucial for compliance. Expected credit loss impairment applies to debt instruments measured at amortised cost and fair value through other comprehensive income.