Accounting for Troubled Debt Restructure - Settlement: IFRS & ASPE (rev 2020)

This video illustrates accounting for settlement of troubled debt from both the debtor and creditor perspectives under Canadian IFRS and ASPE.

The video includes a review of present value concepts relevant to troubled debt and a review of the treatment of a gain on restructured debt for the debtor.

Here's the problem data file to accompany this video:

IFRS,ASPE,Troubled Debt,Financial Accounting,