Welcome back to another IFRS 9 example! In this video, we walk through the accounting treatment for staff loans and staff advances under IFRS 9 Financial Instruments. #IFRS9 #ACCA #sbr An IFRS 9 question from Kaplan Kit for ACCA SBR and ACCA DipIFR exams.
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We provide a fully worked example of how to account for a loan provided by a company to an employee, including how to calculate the present value of the loan using the effective interest rate method. We cover how to record the initial recognition, subsequent measurement, interest income, impairment, and derecognition of the staff loan. #ACCAExams #Accounting #EmployeeLoans
This is a common exam question for ACCA SBR and DipIFR students, so make sure to watch this video to master the staff loans topic!
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