Yahoo Canada Web Search

Search results

1. viewpoint.pwc.com › dt › us4.2 Derecognition accounting–transferor - Viewpoint

   viewpoint.pwc.com › dt › us

   • Cached

   Example TS 4-1 and Example TS 4-2 illustrate how the derecognition accounting model is applied to a transfer of a participating interest and to a transfer of an entire asset that in each instance meets the requirements in ASC 860-10-40-5 for sale accounting.

2. www.grantthornton.global › en › insightsIFRS 3 - Consideration transferred | Grant Thornton insights

   www.grantthornton.global › en › insights

   • Cached

   Oct 27, 2023 · IFRS 3 clarifies that it is the fair value at the acquisition date that should be used instead of the fair value at the agreement date even though it is generally on that basis that the acquirer and the buyer negotiated the terms of the arrangement ie the amount of consideration to be paid and the fair value of the acquiree.

   • Email: sarah.carroll@gti.gt.com

   • Occupation: Director-Sustainability Reporting

3. viewpoint.pwc.com › dt › us3.2 Control criteria for transfers of financial assets

   viewpoint.pwc.com › dt › us

   • Cached

   May 31, 2024 · Excerpt from ASC 860-10-40-5. A transfer of an entire financial asset, a group of entire financial assets, or a participating interest in an entire financial asset in which the transferor surrenders control over those financial assets shall be accounted for as a sale if and only if all of the following conditions are met:

4. viewpoint.pwc.com › dt › us4.1 Accounting for transfers that qualify as sales—overview

   viewpoint.pwc.com › dt › us

   • Cached

   May 31, 2024 · The transfer can be of an entire financial asset, a group of entire financial assets, or a participating interest in an entire financial asset. See TS 3 for information on the application of the sale accounting criteria in ASC 860-10-40-5, including Figure TS 3-1 in TS 3.2 , which provides a decision tree for applying ASC 860.

5. www.cpacanada.ca › - › mediaGUIDE TO ACCOUNTING STANDARDS FOR PRIVATE ENTERPRISES

   www.cpacanada.ca › - › media

   (f) When and how can hedge accounting be applied? (i) Hedge accounting is optional. (ii) Hedging is only permitted in specific circumstances. (iii) Hedge accounting will only be allowed when the entity has reasonable assurance that the critical terms of the hedging item and hedged item are the same.

   • File Size: 947KB

   • Page Count: 74

6. ifrscommunity.com › knowledge-base › derecognitionDerecognition of Financial Assets (IFRS 9) - IFRScommunity.com

   ifrscommunity.com › knowledge-base › derecognition

   • Cached

   Feb 7, 2024 · Put and call options on assets measured at fair value. Put and call options on assets measured at fair value are dealt with in IFRS 9.B3.2.13(c)-(e). Continuing involvement in a part of a financial asset. Paragraph IFRS 9.B3.2.17 illustrates accounting for continuing involvement in a part of a financial asset.

7. People also ask

   Does a transfer qualify for sale accounting?

   • That is, if the transfer meets the derecognition criteria in ASC 860, Transfers and Servicing. This chapter discusses the accounting for a transfer of financial assets that qualifies for sale accounting. The transfer can be of an entire financial asset, a group of entire financial assets, or a participating interest in an entire financial asset.

   4.1 Accounting for transfers that qualify as sales—overview - Viewpoint

   viewpoint.pwc.com/dt/us/en/pwc/accounting_guides/transfers_and_servic/transfers_and_servic_US/chapter_4_accounting__2_US/41_chapter_overview__13_US.html

   See all results for this question

   What if a transfer includes only a portion of a financial asset?

   • If a transfer involves only a portion of an entire financial asset intended to qualify as a participating interest, only cash and a servicing asset (or liability) may be obtained as part of the transfer.

   4.2 Derecognition accounting–transferor - Viewpoint

   viewpoint.pwc.com/dt/us/en/pwc/accounting_guides/transfers_and_servic/transfers_and_servic_US/chapter_4_accounting__2_US/42_derecognition_acc_US.html

   See all results for this question

   What is a transfer in ASC 860-10-40-5?

   • The transfer can be of an entire financial asset, a group of entire financial assets, or a participating interest in an entire financial asset. See TS 3 for information on the application of the sale accounting criteria in ASC 860-10-40-5, including Figure TS 3-1 in TS 3.2, which provides a decision tree for applying ASC 860.

   4.1 Accounting for transfers that qualify as sales—overview - Viewpoint

   viewpoint.pwc.com/dt/us/en/pwc/accounting_guides/transfers_and_servic/transfers_and_servic_US/chapter_4_accounting__2_US/41_chapter_overview__13_US.html

   See all results for this question

   Can a transferor defer a gain or loss from a sale?

   • As discussed in ASC 860-20-25-6, it is not appropriate for a transferor to defer any portion of a gain or loss resulting from a sale of a financial asset (or otherwise fail to observe gain-on-sale accounting, as it is sometimes described in practice), measured in accordance with ASC 860.

   4.2 Derecognition accounting–transferor - Viewpoint

   viewpoint.pwc.com/dt/us/en/pwc/accounting_guides/transfers_and_servic/transfers_and_servic_US/chapter_4_accounting__2_US/42_derecognition_acc_US.html

   See all results for this question

   Does a transfer qualify for sale accounting under ASC 860-10-40-5?

   • The transferred portion meets the definition of a participating interest in ASC 860-10-40-6A and the transfer qualifies for sale accounting under ASC 860-10-40-5. The following table summarizes the fair values of the transaction’s sale proceeds (cash and a servicing asset) and the participation interest retained by Transferor Corp.

   4.2 Derecognition accounting–transferor - Viewpoint

   viewpoint.pwc.com/dt/us/en/pwc/accounting_guides/transfers_and_servic/transfers_and_servic_US/chapter_4_accounting__2_US/42_derecognition_acc_US.html

   See all results for this question

   What are the accounting steps to derecognize Trans-Ferred assets?

   • Paragraphs 3856.B38-.B40 set out the accounting steps to derecognize the trans-ferred assets, to recognize assets obtained or retained in the transfer transaction and liabilities incurred or assumed. Measurement requirements for the items incurred and retained are set out in paragraphs 3856.B41-3856.B47. 113.

   GUIDE TO ACCOUNTING STANDARDS FOR PRIVATE ENTERPRISES - CP…

   www.cpacanada.ca/-/media/site/business-and-accounting-resources/docs/20037-guide-to-accounting-standards-for-private-enterprises-chapter-45-financial-instruments-july-2016.pdf

   See all results for this question

8. kpmg.com › us › enAssets held for sale and discontinued operations: IFRS ... - KPMG

   kpmg.com › us › en

   • Cached

   Sep 7, 2023 · The recoverable amount under IFRS 5 is the higher of the asset group’s fair value less costs of disposal and the value in use. The recoverable amount may therefore differ from fair value under US GAAP, which may affect the amount of remeasurement gain or loss recorded on reclassification as held-for-use. 7.