20 years: Chartered accountant & educator
In the final part of this series on IFRS 16, Saket provides examples to convey which lease contracts can qualify as being considered short-term.
In the final part of this series on IFRS 16, Saket provides examples to convey which lease contracts can qualify as being considered short-term.
3 mins 56 secs
IFRS 16 offers two optional exemptions from recognition of right-of-use assets and lease liabilities. The first is an exemption from short-term leases, and the second is the exemption from leases of low value assets.
Key learning objectives:
Identify the two IFRS 16 exemptions, and explain why they are exempt
05:28
01:04
02:51
08:56
03:13
04:57
04:16