Impairment of bonds | Free ACCA & CIMA online courses from OpenTuition

This topic has 5 replies, 3 voices, and was last updated 5 years ago by Stephen Widberg.

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March 2, 2021 at 3:26 am #612495
tajwartasin
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Sir if we are in stage 2 then should i decrease the bond value with the expected loss?
March 2, 2021 at 9:30 am #612562
Stephen Widberg
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Set up an allowance account which you offset against the financial asset prior to presentation in SFP
March 2, 2021 at 9:41 am #612568
Chartac
Member
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Stephen Widberg wrote:Set up an allowance account which you offset against the financial asset prior to presentation in SFP

Standards which came in 2020 sep dec are they going to appear now
March 2, 2021 at 12:31 pm #612655
Chartac
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Stephen Widberg wrote:Set up an allowance account which you offset against the financial asset prior to presentation in SFP

Could you please help , I need to filter out some standards , I don’t have etime please help
March 3, 2021 at 6:25 am #612892
Chartac
Member
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Stephen Widberg wrote:Set up an allowance account which you offset against the financial asset prior to presentation in SFP

I have left SME and IFRS 1 . can’t do anything now
Please help me now
I have done 2019 paper only still revising standards
Cannot do more papers
March 3, 2021 at 3:13 pm #613082
Stephen Widberg
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- Topics: 17
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PLEASE LOOK BRIEFLY AT IFRS FOR SME! – IMPORTANT

IFRS 1 JUST SAYS ‘PRIOR PERIOD ADJUSTMENT’ IF YOU SWITCH FROM LOCAL ACCOUNTING TO IFRS
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