i have questions regrading syndications :
1)What all events will effect if we rebook(non financial) a syndicated contract with out doing a buyback ?
2)Will pre tax income generate again,which should not happen for a syndicated deal
Hi,let me make it more clear..Issue is there are multiple syndicated contracts for which only Pretax income accrual amount is getting generated instead of pretax and Investor pretax income for may-2013On anaylsis it has been observed that all the contracts have been rebooked on may 2013,Rebook adjustment event triggred with total asset cost(-59000)Note:Contract start date:Mar2009Rebook is done on:May-2013Total Asset cost is 59000contract is syndicated on Mar2009(syndicated on very 1st day)Every month journal entry is: Pretax income ac DR XXX To Investor pretax income CR XXXJournal entry on May 2013 isPretax Income ac DR To Pretax Income ac
avinash
Hi,let me make it more clear..Issue is there are multiple syndicated contracts for which only Pretax income accrual amount is getting generated instead of pretax and Investor pretax income for may-2013On anaylsis it has been observed that all the contracts have been rebooked on may 2013,Rebook adjustment event triggred with total asset cost(-59000)Note:Contract start date:Mar2009Rebook is done on:May-2013Total Asset cost is 59000contract is syndicated on Mar2009(syndicated on very 1st day)Every month journal entry is: Pretax income ac DR XXX To Investor pretax income CR XXXJournal entry on May 2013 isPretax Income ac DR To Pretax Income ac