СЧЕТОВОДСТВО
бр. 1/2014, година XVIII
ACCOUNTING FOR INTEREST FREE LOANS IN ACCORDANCE WITH
IFRS – PRACTICAL ASPECTS
Georgi Nikolov
Certified Public Accountant, Registered Auditor
Ph.D. student at the Department of “Accounting and Analysis”, UNWE
Key words:
Summary
Interest free
loan
The present article analyzes the main aspects of the accounting for
interest free loans in line with the requirements of IFRS and
illustrates those with several practical examples. The article
discusses different scenarios with respect to the specific terms and
conditions of the loan agreement that may have significant impact on
the proper accounting treatment. The focus is placed on some
specific issues, for which no specific regulations in IFRS are
available and which are subject to controversial interpretation in the
specialized literature.
Financial
instruments
Fair value
IAS 39
IFRS 13
66