Sales and leasback arrangements

This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
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: 7235
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
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.