Sale and repurchase

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May 29, 2018 at 4:25 pm #454661
sarahdaisy
Member
- Topics: 9
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For a sale and repurchase, the contract is a lease of repurchase price is less than selling? If so are we accounting it as lessor or lesser accounting?
Thank you!
May 30, 2018 at 11:36 am #454863
P2-D2
Keymaster
- Topics: 4
- Replies: 7232
Hi,
A sale and repurchase is accounted for under IFRS 15, though the treatment is very similar.
Thanks
May 30, 2018 at 5:50 pm #454913
sarahdaisy
Member
- Topics: 9
- Replies: 1
Would I then treat the sales proceeds as a financial liability?
Thank you
May 30, 2018 at 10:01 pm #454979
P2-D2
Keymaster
- Topics: 4
- Replies: 7232
Hi,
Yes, you would and measure it at amortised cost.
Thanks
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