05-04-2010, 04:04 PM
Dear All
I would be grateful if I could have help in the following Accounting problem. My company gives loan to its staffs for purchase of cars ( staff loans). How should I account the loan and under which IAS. By the way am not so sure wether we should calculate the fair value of the loan by discounting the loan to its present value and the adjustment for the fair value be posted directly to p/l. Please advice . thks
I would be grateful if I could have help in the following Accounting problem. My company gives loan to its staffs for purchase of cars ( staff loans). How should I account the loan and under which IAS. By the way am not so sure wether we should calculate the fair value of the loan by discounting the loan to its present value and the adjustment for the fair value be posted directly to p/l. Please advice . thks
