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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Sale and leaseback – ACCA SBR lecture
Video 8:19
“… and then you use standard financial liability accounting to account for it over the period of the loan.”
Would it be possible to elaborate a little more on that? Would the following apply?
Initial measurement – initially recognised at fair value (money received) net of transaction costs (net proceeds)
Subsequent measurement – amortised cost OR fair value through profit or loss
Thanks in advance
account for using regular lease accounting rules
Initial – money received
Later – amortised cost (no FV)
Thanks
🙂