20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>

MFRS 9

This topic has 3 replies, 2 voices, and was last updated 4 years ago by Stephen Widberg.

Viewing 4 posts - 1 through 4 (of 4 total)

Author
Posts
May 4, 2020 at 7:39 am #569896
Hong
Member
- Topics: 26
- Replies: 85
Hi tutor,
I would like to know could we carry loans to related parties (directors, subsidiaries, associate, holding companies and etc) at amortise cost instead of fair value?
And is it necessary for the loans attach with interest charge?
May 4, 2020 at 2:41 pm #569934
Stephen Widberg
Keymaster
- Topics: 15
- Replies: 3362
The normal rules would apply
Intend to hold until redemption – AC
Intend to sell – FVOCI
May 5, 2020 at 6:31 am #569990
Hong
Member
- Topics: 26
- Replies: 85
Hi Stephen,
Appreciate if you could illustrate with an example.
May 5, 2020 at 3:00 pm #570036
Stephen Widberg
Keymaster
- Topics: 15
- Replies: 3362
Please work through Chapter 15 Section 1 and the associated recorded lecture.
Whether or not it’s a related party makes no difference whatsoever.
Author
Posts

Viewing 4 posts - 1 through 4 (of 4 total)

The topic ‘MFRS 9’ is closed to new replies.