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IFRS 9 Own use exemption (Q3b – December 2015)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 9 Own use exemption (Q3b – December 2015)

  • This topic has 1 reply, 1 voice, and was last updated 9 years ago by nari.
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  • November 24, 2016 at 5:25 am #351127
    nari
    Member
    • Topics: 259
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    • ☆☆☆

    Hello

    Please explain the own use exemption in IFRS 9 using an example.

    I read that “this is where the purpose of entering into the contract is to meet the entity’s expected purchase, sale or usage”….but wouldn’t this be all contracts since they would all affect a purchase or sale?

    I was looking at Q3b – December 2015 when i came across it and the answer provided was confusing.

    Thanks

    December 5, 2016 at 5:06 am #353886
    nari
    Member
    • Topics: 259
    • Replies: 175
    • ☆☆☆

    reposting in case this was missed

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