• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

New! Lectures for ACCA AAA September 2022 Exams are now available >>

New! BPP Books for ACCA September 2022 Exams are now available, get your discount code >>

sale and leaseback

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › sale and leaseback

  • This topic has 1 reply, 2 voices, and was last updated 10 months ago by Stephen Widberg.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • August 29, 2021 at 11:12 am #633355
    Noah098
    • Topics: 936
    • Replies: 352
    • ☆☆☆☆☆

    sir when deciding under sale and lease back whether sale has taken place or not, we need assess under IFRS 15 if the performance obligations have been satisfied, so I wanted to know what exact criteria do we check for that?

    1st set: the 5 criteria for checking sale at a point in time? (entity has transferred physical possession of the asset, customer has accepted the asset, legal right to payment, risks and rewards ahve been transferred and legal ownership passed)?

    2nd set: OR that Customer has right to direct its use and obtain substantially all of the economic befits flowing from it?

    which set of criteria to be used?

    August 29, 2021 at 12:45 pm #633377
    Stephen Widberg
    Moderator
    • Topics: 10
    • Replies: 2531
    • ☆☆☆☆☆

    If the leaseback is for the life of the asset – it is not a sale.

    If the leaseback is for only some of the life of the asset – it is a sale.

    Keep it simple.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate

If you have benefited from OpenTuition please donate.

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • John Moffat on Discounted Cash Flow Further Aspects, Lease versus Buy – ACCA Financial Management (FM)
  • ben920331 on Discounted Cash Flow Further Aspects, Lease versus Buy – ACCA Financial Management (FM)
  • John Moffat on The Statement of Financial Position and Income Statement (part d)
  • Viktoriia.Yanchuk on The Statement of Financial Position and Income Statement (part d)
  • John Moffat on The management of receivables – Simple settlement discount – ACCA Financial Management (FM)

Copyright © 2022 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy