- This topic has 1 reply, 1 voice, and was last updated 9 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
Interactive BPP books for September 2026 exams, recommended by OpenTuition.
Get discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 9 Own use exemption (Q3b – December 2015)
Hello
Please explain the own use exemption in IFRS 9 using an example.
I read that “this is where the purpose of entering into the contract is to meet the entity’s expected purchase, sale or usage”….but wouldn’t this be all contracts since they would all affect a purchase or sale?
I was looking at Q3b – December 2015 when i came across it and the answer provided was confusing.
Thanks
reposting in case this was missed
