IFRS 9 – contract to acquire non fin asset

This topic has 3 replies, 2 voices, and was last updated 8 years ago by P2-D2.

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August 28, 2017 at 2:25 pm #403915
Chandan
Member
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So is it safe to assume all contracts to acquire non financial asset where there’s clause to settle net and you don’t intend to take receipt, it’s not to be hedge accounted for? As there’s no firm commitment or highly probable forecast transaction to take delivery of the asset?
August 29, 2017 at 8:32 pm #404154
P2-D2
Keymaster
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Yes but can you stop looking at some of the standards in the level of detail that you are doing. You need to know the basics of each standard well and by looking at the standards in this much detail you are not making it any easier for yourself, in fact I think you’re making it harder for yourself.

Thanks
August 30, 2017 at 2:20 am #404199
Chandan
Member
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Okay sir.

Thanks a lot for the advice and for patiently solving all my doubts on a prompt basis.

Really greatful! Means a lot.. 🙂
August 31, 2017 at 11:20 am #404621
P2-D2
Keymaster
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You’re welcome, it’s a pleasure. Just keep that knowledge of the basics and you will be fine.

Thanks
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