IFRS 16 Leases

IFRS 16 Lessor accounting

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Topics hide IFRS 16 Lessor accounting 1. Lessor accounting model 2. Lease classification 3. Operating lease model 4. Finance lease model 5. Presentation and disclosure 5.1 Lessor presentation 5.2 Lessor disclosure IFRS 16 Lessor accounting Lessors continue to classify leases as finance or operating leases. 1. Lessor accounting model The lessor follows a dual accounting … Read more

Lessee accounting under IFRS 16

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Topics hide Lessee accounting under IFRS 16 1. Lessee accounting model 2. Initial measurement of the lease liability 2.1 Lease payments 2.3 Discount rate 3. Initial measurement of the right-of-use asset 4. Subsequent measurement of the lease liability 4.1 Measurement basis 4.2 Remeasurement of the lease liability 5 Subsequent measurement of the right-of-use asset 5.1 … Read more

Impairment testing cash generating unit with IFRS 16 leases

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Impairment testing cash generating unit with leases (or impairment of leased assets) is about a right-of-use asset (leased asset) and  such an asset will frequently be included in a cash generating unit to be tested for impairment. At initial recognition, the right-of-use-asset equals the recognised lease liability, plus any lease payments made at or before … Read more

1 Best Read All IFRS vs US GAAP Leases

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Topics hide IFRS vs US GAAP Leases Standards Reference Overview Scope comparisons Identification of a lease Lease and non-lease components Definition of Lease term Definition of lease payments Definition of discount rate Definition of Initial direct costs Accounting for leases – Lessor – Classification of a lease Accounting for leases – Lessor – IFRS vs … Read more

IFRS 16 Good Important Read – Lease payments

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Topics hide Lease payments – Lessee perspective Categories of lease payment Residual value guarantees Renewal, termination and purchase options Lease payments – Lessor perspective Payments that depend on an index or rate Initial measurement of the lease liability Reassessment of the lease liability Payments that depend on an index Payments that depend on a rate … Read more

The Best 1 Perfect Read – Performance obligations at a point in time

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Performance obligations at a point in time or in full ‘Performance obligations satisfied at a point in time’) and Performance obligations satisfied over time are the two choices in IFRS 15. Performance obligations at a point in time Determine over time To determine whether revenue allocated to a performance obligation should be recognised over time, … Read more

IFRS 11 Joint Arrangements quick overview

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IFRS 11 Joint Arrangements quick overview provides the fastest overview on financial reporting by entities that have an interest in arrangements that are bound by a contractual arrangement providing two or more parties joint control. OBJECTIVE To establish principles for financial reporting by entities that have an interest in arrangements that are controlled jointly (i.e. … Read more

Best guide IFRS 16 Lessee modifications

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(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide Best guide IFRS 16 Lessee modifications Overview Discount rates Separate lease Not a separate lease Increase in scope not at stand-alone price Decrease in scope Other lease modifications More complex combinations of modifications Termination or break of a lease Master lease agreements Best guide IFRS 16 Lessee modifications … Read more