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Debt modification accounting

  • IFRS - AcSB Image

May 06, 2020

On May 6, 2020, the Accounting Standards Board (AcSB) released a publication on the implications of COVID-19 on debt modification accounting.

Are you negotiating a debt agreement with your lender? Debt modification versus extinguishment assessment under IFRS 9 can be tricky. This overview provides some useful tips on performing this assessment and other key considerations on debt modification accounting for both borrowers and lenders.

Review the publication on the AcSB's website.

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