20 years: Chartered accountant & educator
In this video, Saket outlines the impact of IFRS 16 on the balance sheet. He provides two examples; one explaining the application of the definition of lease in IFRS 16, the other demonstrates a situation where the contract fails to meet the definition of a lease.
In this video, Saket outlines the impact of IFRS 16 on the balance sheet. He provides two examples; one explaining the application of the definition of lease in IFRS 16, the other demonstrates a situation where the contract fails to meet the definition of a lease.
9 mins 57 secs
In this video, Saket outlines the impact of IFRS 16 on the balance sheet, and how to determine the initial recognition and the subsequent measurement of lease liability and of the right-of-use asset.
Key learning objectives:
Understand how to determine the initial recognition and the subsequent measurement of lease liability
Understand how to determine the initial recognition and the subsequent measurement of the right-of-use asset
Outline the profit or loss impact of the lease
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