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Derecognition of financial instruments – September 18 (no. 1C)

This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.

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May 30, 2021 at 12:35 am #622239
chinedu123
- Topics: 17
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Sir,

What is the best way/exam technique way to explain derecognition of financial instruments just like 2018 number 1c question came up?

A more preferable exam debrief answer technique to derecognition of financial instruments.

Thank you.
May 30, 2021 at 4:51 pm #622327
Stephen Widberg
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Break the transaction down by date and use the dates as subheadings:

7/x5 Date of purchase
6/x6 SFP date
7/x6 Derecognition (or not)
6/x7 SFP date

In terms of derecognition, I would just use words such as (no) transfer of risks and rewards.
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