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Thumbnail image for product with reference number 121-0099-1
Vibrant Group Limited: Sale and Leaseback and Its Financial Statements Effects
Case
-
Reference no. 121-0099-1
Subject category: Finance, Accounting and Control
Authors: Wei Chern Koh (Nanyang Business School (NTU)); Patricia Tan Mui Siang (Nanyang Business School (NTU))
Published by: Asian Business Case Centre
Originally published in: 2021
Version: 10 August 2021
Length: 11 pages
Data source: Published sources
Topics: Accounting
Share a link: https://casecent.re/p/179633
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Abstract

This case examines the accounting of sale and leaseback transaction for an undergraduate or graduate accounting class. This case also examines the effects of such a transaction on financial statements. Vibrant Group is listed on the Singapore Exchange. In 2019, it entered into a sale and leaseback transaction. This was reported in its 2020 Annual Report using the revised Singapore Financial Reporting Standards (International) 16 ('SFRS(I) 16') Leases. This case exposes students to practical situations that highlight important principles and illustrate best practices in accounting. This case may be used in countries where IFRSs are applicable as SFRS (I) 16 Leases is identical to IFRS 16 Leases.

Time period

The events covered by this case took place in 2019-2020.

Geographical setting

Country:
Singapore
Thumbnail image for product with reference number 121-0099-8
Vibrant Group Limited: Sale and Leaseback and its Financial Statements Effects
Teaching note
-
Reference no. 121-0099-8
Subject category: Finance, Accounting and Control
Authors: Wei Chern Koh (Nanyang Business School (NTU)); Patricia Tan Mui Siang (Nanyang Business School (NTU))
Published by: Asian Business Case Centre
Originally published in: 2021
Version: 10 August 2021
Length: 9 pages
Data source: Published sources
View full details

About

Abstract

This case examines the accounting of sale and leaseback transaction for an undergraduate or graduate accounting class. This case also examines the effects of such a transaction on financial statements. Vibrant Group is listed on the Singapore Exchange. In 2019, it entered into a sale and leaseback transaction. This was reported in its 2020 Annual Report using the revised Singapore Financial Reporting Standards (International) 16 ('SFRS(I) 16') Leases. This case exposes students to practical situations that highlight important principles and illustrate best practices in accounting. This case may be used in countries where IFRSs are applicable as SFRS (I) 16 Leases is identical to IFRS 16 Leases.

Settings

Time period

The events covered by this case took place in 2019-2020.

Geographical setting

Country:
Singapore

Related

Thumbnail image for product with reference number 121-0099-8
Vibrant Group Limited: Sale and Leaseback and its Financial Statements Effects
Teaching note
-
Reference no. 121-0099-8
Subject category: Finance, Accounting and Control
Authors: Wei Chern Koh (Nanyang Business School (NTU)); Patricia Tan Mui Siang (Nanyang Business School (NTU))
Published by: Asian Business Case Centre
Originally published in: 2021
Version: 10 August 2021
Length: 9 pages
Data source: Published sources
View full details