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Havanna Office Sale Accounting Guidance by JIN FEN SOO is a document available to read on EtoBox.

What is Havanna Office Sale Accounting Guidance about?

Havanna has sold its main office building to a third party for $5 million and leased it back for 10 years. The CEO wants to record the entire $0.8 million profit on disposal to help meet bank covenants, but accounting standards IFRS 15 and 16 would only allow $184k to be recorded. The CEO has threatened the financial controller

Author

JIN FEN SOO

Language

EN