Accounting for Troubled Debt Restructure - Settlement: IFRS & ASPE (rev 2020)
Channel: The Business Doctor
Date: 2020-05-13

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:
https://drive.google.com/file/d/1baQtJ0_AztPnz-rNjdOO5hY15QbDduBq/view?usp=sharing