ACCA I Strategic Business Reporting (SBR) I IFRS 16 - Leases - SBR Lecture 38

[ngomusacherncy]

What a Lecture!! U've made leases so clear in only 2 hours! Help please - I was a bit confused at 1hrs32 example Lessors entries for operating lease - how we account for the deferred income the R175k - R85k story. Thank u so much!

[angelrojas]

FIRST HOUR OF THE VIDEO - LESSEE ACCOUNTING
00:00 Definitions
03:55 Identifying a Lease
09:54 Two Practical Cases explained to Check and Identify a Lease
16:58 Lessee Accounting Part 1: Lease Liability and ROU - Initial Measurement: Definitions
24:22 Practical Case to explain Initial Measurement - Double entries/Journals
31:29 Lessee Accounting Part 2: Lease Liability and ROU - Subsequent Measurement: Definitions
35:56 Continuation of the Practical Case to explain Subsequent Measurement - Double entries/Journals
43:49 Lessee Accounting "Separating Components" Lease and Non Lease Components in a Contract
45:06 Practical Case explained - Double entries/Journals
54:39 Lessee Accounting "Reassessing the Lease Liability" Revised Discount Rate: Lease terms changes - Purchase
56:05 Practical Case explained
01:03:45 Short-Term Leases and Low Value Assets
01:06:05 Lessee Disclosures
01:07:08 SECOND HOUR OF THE VIDEO - LESSOR ACCOUNTING

[bizcarecorporation]

Grateful for your lecture. Thanks from Bangladesh. Allah bless you.

[BlessingKeh]

Thank you for this mam. I am grateful 🙏. GOD bless you

[misudhi]

Thank you so much Maam really appreciate explained question with answers ❤😊

[ngomusacherncy]

Shu the Sales and Leaseback part seems a bit tricky but I guess with more practice one will get there.. It wud be nice to see an example where sale price was less than the fair value😊

[alibilal]

Hi Mam. thanks for your time and effort. I have the question at 1:32 Hrs for OROC,
1. How can we calculate depreciation for operating lease as it Oroc is hiring on a operating lease
2. Deferred Income should be 510, 000 (595, 000 - 85, 000) at the end of 31 Dec 20X1.
Please correct if I am wrong.

[cmaanshifka]

Cant we use a combined entry for test your understanding - 3?
Like,
Dr Right of use asset A/c - 33, 552
Cr Lease liability A/c - 31, 552
Cr Cash A/c - 2, 000

[ahsanalikhawaja]

Thanks mam I really need this
Mam also make a short video on borrowing and biological aseets

[oreofepelumi]

This is helpful, thank you ma'am.

[rashi_riya_dance]

I am just a beginner just want to know how is discount calculated in TYU 3.
Why is it not 5%of 10k i.e., 500