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Dercognition Decision Tree

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44 views1 page

Dercognition Decision Tree

Uploaded by

cheezhen5047
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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IFRS 9 Derecognition Decision Tree

Consolidate all subsidiaries


[Paragraph 3.2.1]

Determine whether the derecognition principles below are applied to a


part or all of an asset (or group of similar assets).
[Paragraph 3.2.2]

Determine whether the derecognition principles below are


applied to a part or all of an asset (or group of similar assets). DERECOGNIZE THE ASSET
YES
[Paragraph 3.2.2]

No
Has the entity transferred its right to receive the cash flows
from the asset?
[Paragraph 3.2.4(a)]

No
Has the entity assumed an obligation to pay the cash flow from
the asset that meets the conditions in paragraph 3.2.5? CONTINUE TO RECOGNIZE
YES
[Paragraph 3.2.4(b)] THE ASSET

YES

Has the entity transferred substantially all risks and rewards?


DERECOGNIZE THE ASSET
[Paragraph 3.2.6(a)] YES

NO

Has the entity retained substantially all risks and rewards?


CONTINUE TO RECOGNIZE
[Paragraph 3.2.6(b)] YES
THE ASSET

NO

Has the entity retained control of the asset?


DERECOGNIZE THE ASSET
[Paragraph 3.2.6(c)] YES

YES

CONTINUE TO RECOGNIZE THE ASSET


TO THE EXTENT OF THE ENTITY’S CONTINUING INVOLVEMENT

© 2019. For information, contact Deloitte Touche Tohmatsu Limited.

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