Receivables

This topic has 3 replies, 2 voices, and was last updated 6 years ago by Stephen Widberg.

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November 7, 2019 at 5:14 am #551722
Anonymous
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Receivables are armotised cost financial asset right?
If business model involves holding and selling financial asset, can receivable be treated as FVTOCI?
November 7, 2019 at 6:48 am #551736
Stephen Widberg
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Yes – probably something only a bank would do
November 7, 2019 at 1:12 pm #551774
Anonymous
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What if business model involves mixed?
Entity holds receivble for full collection, but it also sells other debt instrument if good opportunity arise.
November 8, 2019 at 4:42 pm #551842
Stephen Widberg
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Judgement call – they just take a view on what is most likely to happen.
One for the auditor to poilce!
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