20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2026 exams.
Get your discount code >>

Lease

This topic has 54 replies, 2 voices, and was last updated 10 years ago by MikeLittle.

Viewing 5 posts - 51 through 55 (of 55 total)

Author
Posts
November 21, 2015 at 10:21 am #284291
dewan
Member
- Topics: 22
- Replies: 167
If the debt instrument FA meet contractual contractual cash flow assessment and entitys business model is to hold the instrument to collect contractual cash flow and also to sell the FA than it is accounted trough FVTOCI.
November 21, 2015 at 10:22 am #284292
dewan
Member
- Topics: 22
- Replies: 167
Am i correct sir.
November 21, 2015 at 10:38 am #284295
dewan
Member
- Topics: 22
- Replies: 167
And sir in case of impairment for FA measured at amortised cost what would be the double entry for the loss allowance.Thanks
As if i am not wrong loss allowance for FA measured at FVTOCI dould entry would be
P or L (DR)
OCI (CR)
Am i correct sir
November 21, 2015 at 12:12 pm #284304
dewan
Member
- Topics: 22
- Replies: 167
And sir is expected loss model is still in use for impairment of FA.Thank you.
November 21, 2015 at 3:57 pm #284354
MikeLittle
Keymaster
- Topics: 27
- Replies: 23359
“Am I correct sir” yes, you are correct
“P or L (Dr)
OCI (Cr)” – no. Dr OCI, Cr Financial Asset
“is expected loss model still in use” – yes, it is still in use
Author
Posts

Viewing 5 posts - 51 through 55 (of 55 total)

The topic ‘Lease’ is closed to new replies.