Level I CFA: Non-current (Long-Term) Liabilities-Lecture 4

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This is Reading 28 for the 2021 exam.
This CFA exam prep video lecture covers:
Financial statement impact of lease accounting for lessee
Ratio impact of lease accounting
Reporting by lessor
Disclosures for finance and operating leases

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On page 29 at 20:23, when the sum of the present value of lease payments and residual value > fair value of the asset, it should be categorized as Direct Financing Lease according to 2020 Notes. So it is actually the opposite.

kevincham
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Hello, in the first example, you said in your last video that we must take the lower of the PV of future lease payments or the fair value of the leased asset. In this example 2:20 min, you didn't reinforce that, as you did the calculations and prove that the PV of the payments is greater than the Fair Value, hence I suppose we must consider Fair Value, right? Thx

giovannapena
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Sir in your example at 2:30, you have kept the fair value and the present value of future lease payments same, right?

devangrathod
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Is the calculation part in this session still revelant to the 2020 June exam?

onlystreet
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At8:13 why you have taken the interest component when the payment was made earlier at the starting of the year itself?

shashank
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Hi Team, I think this video might be a bit out of sync with the curriculum, can you confirm whether the videos on leases are accurate for 2021 exams? Thanks

spennyclark
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following the logical of example @ 2:30, example @ 8:20 seems not correct. interest in finance lease can't be 24.87 in 2011 since that's year 0 and we are paying at the beginning of each year. It would have been ok if we were paying at the end of the year

Kalalux
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Sir if the 100 paymwnt would've been at the end of the year then we would have
Pmt=100 n=4 and i=10 right?

jirensama
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Are the first 10 minutes of the video still relevant for 2020?

RR-eknl
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@ift hello team, I have a doubt .. why will lessee pay interest to lessor other than rent. I mean if I am leasing a land, I will pay only rent to my landlord .. so in this calculation, why this “ relevant interest rate “ considered. Can you please explain me briefly. Tq in advance

mohammadshabuddin
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Looking at the comments, it seems like this video isn't accurate and we can't trust the contents. Please update the video or at least mention the changes for the 2021 curriculum in the description box.

amanupadhyay
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Asset is recognised in finance lease then current ratio should be higher in the finance lease

shashank