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Sale and repurchase

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Sale and repurchase

Viewing 4 posts - 1 through 4 (of 4 total)
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  • May 29, 2018 at 4:25 pm #454661
    sarahdaisy
    Member
    • Topics: 9
    • Replies: 1
    • ☆

    For a sale and repurchase, the contract is a lease of repurchase price is less than selling? If so are we accounting it as lessor or lesser accounting?

    Thank you!

    May 30, 2018 at 11:36 am #454863
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7082
    • ☆☆☆☆☆

    Hi,

    A sale and repurchase is accounted for under IFRS 15, though the treatment is very similar.

    Thanks

    May 30, 2018 at 5:50 pm #454913
    sarahdaisy
    Member
    • Topics: 9
    • Replies: 1
    • ☆

    Would I then treat the sales proceeds as a financial liability?
    Thank you

    May 30, 2018 at 10:01 pm #454979
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7082
    • ☆☆☆☆☆

    Hi,

    Yes, you would and measure it at amortised cost.

    Thanks

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