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Sales and leasback arrangements

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Sales and leasback arrangements

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  • August 26, 2018 at 11:17 am #469505
    Billy
    Member
    • Topics: 20
    • Replies: 118
    • ☆☆

    1. How can I differentiate between Sales and leaseback that result in Actual Sales or Not Actual Sales?

    2. What is the proper accounting entry for Sales and leaseback that is Actual Sales done at Sakes Proceeds greater than its FV? Can u give me example.

    August 29, 2018 at 9:32 pm #470066
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7060
    • ☆☆☆☆☆

    Hi,

    1. You need to look at whether the transfer is a performance obligation under IFRS 15.

    2. This is covered in the class notes at the end of chapter 19.

    Thanks

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