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Chapter 11 – Financial Assets – Amortised Cost Example

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Chapter 11 – Financial Assets – Amortised Cost Example

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  • March 25, 2021 at 9:17 pm #615205
    Darren
    Participant
    • Topics: 10
    • Replies: 9
    • ☆

    Hi,

    I could be missing something really obvious here, but I’m not understanding how Interest Receivable is an account for the SPL?

    Maybe it’s just the terminology? I think Interest Received is a revenue account and will appear in the SPL, but Interest Receivable sounds like it should be an asset SFP account?

    Thanks

    March 27, 2021 at 7:24 am #615296
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi,

    I suppose it is old terminology that I’ve used but it is referring to the interest income in updated terminology.

    Thanks

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