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IFRS 5

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IFRS 5

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by AvatarP2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • July 11, 2021 at 9:52 am #627428
    Avatarnguyentran78921
    Participant
    • Topics: 14
    • Replies: 1
    • ☆

    Hi,

    Appendix B in IFRS 5 states that:
    “Events or circumstances which allows the extension of the period required to complete a sale:
    (a) at the date an entity commits itself to a plan to sell a non?current asset(or disposal group) it reasonably expects that others (not a buyer) will impose conditions on the transfer of the asset (or disposal group) that will extend the period required to complete the sale (…)”

    Could you give some examples for this? Who could be “others (not buyers)” according to this?

    Thanks. .

    July 14, 2021 at 8:25 pm #627755
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    Hi,

    This is way beyond what you need to look at for IFRS 5. Please do not spend time going through the standard in this much depth.

    Thanks

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