[Verse 1] Picture a ledger where numbers arrange Financial assets split by exchange Trading securities move like quicksilver Short-term profits make portfolios quiver Hold-to-maturity bonds sit patient and still Available-for-sale waits for your will [Chorus] Fair value flows, amortized stays Trading gains hit income today AFS moves through equity's door HTM keeps cost at its core Three buckets sorting every trade Classification choices must be made [Verse 2] Liabilities mirror this sorting game Fair value option bears the same name Amortized cost for most debt you owe Unless you elect the fair value show Changes in credit risk dance through OCI While other movements make income fly [Chorus] Fair value flows, amortized stays Trading gains hit income today AFS moves through equity's door HTM keeps cost at its core Three buckets sorting every trade Classification choices must be made [Bridge] IFRS Nine changed the playing field Contractual cash flows must yield Principal plus interest simple test Business model determines the rest SPPI keeps things clean and tight Impairment hits before the bite [Verse 3] Reclassification breaks the spell Moving assets rings the bell Only when your model shifts Can you make these balance drifts Equity investments pick their lane Cost or fair value stakes their claim [Chorus] Fair value flows, amortized stays Trading gains hit income today AFS moves through equity's door HTM keeps cost at its core Three buckets sorting every trade Classification choices must be made [Outro] Measurement follows classification's lead Financial reporting serves the need Balance sheets and income dance Through these accounting circumstance
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