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Repurchase Agreements (IFRS -15)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Repurchase Agreements (IFRS -15)

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  • June 7, 2019 at 6:50 am #519489
    Avataramunir013
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Hope you are doing fine!

    I am facing issues with the Lease Accounting in the Repurchase Agreement where

    1. Repurchase Price is Less than the Original Selling Price
    2. Transaction is to be accounted for as Lease in accordance with IFRS-16

    Please guide about the accounting treatment with Journal Entries.

    June 12, 2019 at 1:09 pm #520290
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    Hi,

    I can’t just explain everything on the forum. You have to have a specific question to the area where you are struggling, so from either the class notes or some other source.

    Thanks

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