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IFRS 16 Sale and leaseback

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 16 Sale and leaseback

  • This topic has 4 replies, 2 voices, and was last updated 7 years ago by jasm.
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  • August 13, 2017 at 5:47 am #401651
    jasm
    Member
    • Topics: 3
    • Replies: 13
    • ☆

    Is there an updated video on sale and leaseback for IFRS 16? Need it to understand the notes. Thanks!

    August 14, 2017 at 3:49 pm #401804
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7079
    • ☆☆☆☆☆

    Hi,

    Not at present there isn’t. What is it that you do not understand?

    Thanks

    August 15, 2017 at 8:01 am #401909
    jasm
    Member
    • Topics: 3
    • Replies: 13
    • ☆

    If the transfer of the asset is not a sale, then the lessee is not a seller and the lessor is not a buyer in this case?

    August 16, 2017 at 1:54 pm #402064
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7079
    • ☆☆☆☆☆

    Hi,

    Correct and if this is the case then the “seller” continues to recognise the transferred asset and the proceeds are recognised as a loan, hence a financial liability at amortised cost.

    Thanks

    August 16, 2017 at 5:09 pm #402110
    jasm
    Member
    • Topics: 3
    • Replies: 13
    • ☆

    Thank you, sir.

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