IFRS 9 / Ind AS 109: Derecognition of Financial Assets I

[@sandeepjaiswal754]

Is this covered sales of Equity instrument initially designate at FVTOCI irrecovely actually i want to ask what would be journal entries in this case: If I say enties would be in following manner then it shall be correct or not? Dr. Bank Cr. Investment Cr. Profit & loss A/c

[@dipeshskhara_]

So do we have to derecognize when Entity provides a guarantee to compensate the buyer for any credit losses from the principal amount of receivables?? 30:12

[@AVCLearning]

If entity guarantees the return, it shall not derecognise the receivables. This appears to be a recourse factoring

[@dipeshskhara_]

Thanks!!

[@daniyalhameed5509]

Can you upload part 2 ?

[@xyz...123-dgn]

Please make one video on reclassification of financial assets.

[@daniyalhameed5509]

Very easy. Just go through the illustrations provided in IFRS part B.

[@arpansaha8323]

This is easy 6 scenarios can arise

[@onkarshinde4424]

Superb!! May I know the name of the professor??

[@gachamoosa199]

SIr is IFRS 9/Ind AS 109 is similar to IFRS9 of ACCA SBR

[@AVCLearning]

Yes its the same

[@gachamoosa199]

@@AVCLearning OK sir thanks

[@gachamoosa199]

@@AVCLearning I am from Pakistan and these lectures are very beneficial to me.

[@itsmeankitmavi]

Nice video thanks

[@AVCLearning]

Thanks a lot. Do suggest any areas of improvement

[@LIFE_RADIO_155]

Kachra