Ind As 116 Leases - Revision | All Concepts + Questions | CA Final FR | Pratik Jagati

BIG Ind As Detailed Revision Videos covering both Concepts and Questions.

1.Financial Instruments (25m)

2.Ind As 115 Revenue (16m)

3.Ind As 103 Business Combination (16m)

4.Ind As 110 Consolidation

Refer Below Notes while watching videos
4 Big Ind As Detailed Revision Notes

[mehulmittal]

For my reference
Ajay QB May 24 :

1:01:32 - Q2
1:08:33 - Q4
1:54:13 - Q5
2:01:43 - Q6 Modification Increase
2:06:07 - Q8 Modification Decrease
2:13:43 - Q7
2:15:02 - Q9 - Imp
1:20:35 - Q11
2:30:08 - Q16 - Sale and lease back
3:18:59 - Q13 - Dealer

[jaginiashruth]

5:12 Introduction
9:31 accounting in books of lessee in breif
12:48 accounting in books of lessor in breif
14:03 lessee accounting
21:45 determination of lease term
43:49 termination penalty
45:33 in substance lease payment
52:42 crux of lease payment
56:06 ROU asset value
1:01:19 illustration 28
1:08:36 illustration 31
1:20:35 illustration 32
1:33:19 break
1:39:00 discount rate calculation
1:48:10 lease denominated in foreign currency
2:01:45 illustration 34 modify of lease
2:06:28 illustration 35 modify of lease
2:13:48 illustration 36
2:16:58 illustration 37
2:30:13 sale and lease back illustration 45
2:45:18 break
2:46:44 lessor accounting
2:58:57 non-manufacturer accounting
3:06:27 manufacturer accounting
3:18:58 Illustration 38
3:26:12 sub lease
3:30:23 Illustration 46 (transitional Provision)
3:46:01 Theory

[HKrish-oogl]

For my reference
Atul QB

1:01:32 - Q2
1:08:33 - Q4
1:20:35 - Q11
1:54:13 - Q5
2:01:43 - Q6 Modification Increase
2:06:07 - Q8 Modification Decrease
2:13:43 - Q7
2:15:02 - Q9 - Imp
2:30:08 - Q16 - Sale and lease back
3:18:59 - Q13 - Dealer

[caprakharjain]

1:01:19 Illustration 28
1:08:36 Illustration 31
1:20:35 Illustration 32
1:33:19 Break
1:39:00 Discount rate calculation
1:48:10 Lease denominated in foreign currency
2:01:45 Illustration 34 modify of lease
2:06:28 Illustration 35 modify of lease
2:13:48 Illustration 36
2:16:58 Illustration 37
2:30:13 Sale and lease back illustration 45
2:45:18 Break
2:46:44 Lessor accounting
3:18:58 Illustration 38
3:26:12 Sub-lease
3:30:32 Transition Approach
3:52:40 Miscellaneous theory points

[piyushjain-]

9:31 accounting in books of lessee in breif
12:48 accounting in books of lessor in breif
14:03 lessee accounting
21:45 determination of lease term
43:49 termination penalty
45:33 in substance lease payment
52:42 crux of lease payment
56:06 ROU asset value
1:01:19 illustration 28
1:08:36 illustration 31
1:20:35 illustration 32
1:33:19 break
1:39:00 discount rate calculation
1:48:10 lease denominated in foreign currency
2:01:45 illustration 34 modify of lease
2:06:28 illustration 35 modify of lease
2:13:48 illustration 36
2:16:58 illustration 37
2:30:13 sale and lease back illustration 45
2:45:18 break
2:46:44 lessor accounting
2:58:57 non-manufacturer accounting
3:06:27 manufacturer accounting
3:18:58 Illustration 38
3:26:12 sub lease
3:30:23 Illustration 46 (transitional Provision)
3:46:01 Theory

[govindguduru]

1:01:19 illustration 28
1:08:36 illustration 31
1:20:35 illustration 32
2:01:45 illustration 34 modify of lease
2:06:28 illustration 35 modify of lease
2:13:48 illustration 36
2:16:58 illustration 37
2:30:13 sale and lease back illustration 45
3:18:58 Illustration 38
3:30:23 Illustration 46 (transitional Provision)
3:46:01 Theory

[amitsati]

Note for 1st time Reader - Believe me He covered complete Ind As-116. Just revise it.
Thank you Sir dil se🙏

[preranaparakh]

Timestamps for my reference:
5:12 Introduction
9:31 Accounting in books of lessee in brief
12:48 Accounting in books of lessor in brief
14:03 Lessee accounting
21:45 Determination of lease term
43:49 Termination penalty
45:33 In substance lease payment
52:42 Crux of lease payment
56:06 ROU asset value
1:01:19 Illustration 28
1:08:36 Illustration 31
1:20:35 Illustration 32
1:33:19 Break
1:39:00 Discount rate calculation
1:48:10 Lease denominated in foreign currency
2:01:45 Illustration 34 modify of lease
2:06:28 Illustration 35 modify of lease
2:13:48 Illustration 36
2:16:58 Illustration 37
2:30:13 Sale and lease back illustration 45
2:45:18 Break
2:46:44 Lessor accounting
3:18:58 Illustration 38
3:26:12 Sub-lease
3:30:32 Transition Approach
3:52:40 Miscellaneous theory points

[sandeepgupta]

00:00 Revision of Ind AS 116 Leases
03:22 Revision of Ind AS 116 Leases
07:18 Lease accounting principles and concepts
09:15 Understanding present value and interest components
13:18 Understanding present value and discount rate
15:19 Understanding the liability and interest calculations in lease accounting.
19:06 Lease accounting concepts and journal entries
21:05 Lease commencement date determination
25:00 Understanding legally enforceable rights and obligations in lease agreements
26:57 Understanding termination and extension options in Ind AS 116 Leases
30:53 Interest and liability calculation in second air
32:53 Revising assessment and modification
37:07 Explanation of reassessment of purchase option
38:49 Explanation of non-cancelable period with an example
42:56 Understanding termination penalties in lease agreements
45:02 Understanding the concept of present value and future obligations in the context of termination penalties for lease payments.
48:59 Lease accounting entries are discussed with examples
50:52 Lease liability and bank entries explained
55:01 Leases accounting and its implications
56:51 Understanding the implications of lease payments and future obligations.
1:01:25 Lease accounting concepts and calculations explained
1:03:36 Revised discount rate is taken based on certain factors.
1:07:44 Lease payments are impacted by market factors
1:09:36 Lease terms and purchase options explained
1:14:49 Understanding the concept of interest and payment in lease accounting.
1:16:51 Lease term affects the lease liability value.
1:21:17 Lease rental payments and annual increase
1:23:58 Lease commencement dates and rental values explained.
1:29:12 Understanding adjustments and revised discount rate
1:31:02 Understanding the A list liability for lease accounting
1:39:49 Understanding the concept of borrowing rate and interest in leases
1:41:57 Lease accounting for initial direct costs and financial assets/liabilities
1:49:04 Using environmental discount rate for lease calculations
1:51:15 Lease liability calculation in dollar terms
1:55:26 Lease modification and extension explained
1:57:24 Scope and accounting implications of increase in size or term
2:02:29 Understanding accounting for lease modifications
2:04:26 Understanding the lease liability and its modifications
2:09:41 Modifications and reductions in lease liability calculations
2:12:48 Lease accounting involves calculating profit and loss, notification, motivation, and liability.
2:17:53 Calculation of present value and modifications in lease terms
2:20:54 Understanding lease liability reduction and discount rate impact.
2:27:21 Understanding changes in liability and how to account for it
2:30:07 Explaining lease transactions and its details
2:34:57 Understanding lease consideration and loan deduction.
2:37:07 Understanding lease installment and consideration
2:41:42 Recording of finance lease at present value
2:44:03 The video explains Ind AS 116 Leases and touches on ledger accounting.
2:48:46 Lease accounting follows specific recognition and measurement rules.
2:50:33 Accounting of leasing amount is done on straight line basis
2:54:23 Recovery of money and liabilities in lease accounting
2:56:30 Understanding the concept of advance payments and recovery in lease accounting
3:00:37 Understanding the expected residual value in lease accounting
3:03:21 Understanding the present value and net investment in direct receiver.
3:07:44 Lease accounting principles and inventory valuation
3:09:45 Understanding the treatment of net investment and cost of goods sold (COGS) in financial reporting.
3:14:42 Understanding ceiling profit and loss in financial assets and lien receivable.
3:16:26 Lease classification and considerations for exams
3:20:56 Lease payments are not confirmed and their present value fluctuates.
3:23:02 Discussion about net investment and interest payment.
3:26:38 Lease liability now recognized after sublisting
3:28:43 Accounting for leases according to Ind AS 116
3:33:23 Understanding of lease accounting and retrospective approach
3:35:25 Adjustment of previous and current year leases
3:40:38 Understanding retrospective approach in lease accounting
3:43:33 Understanding Ind AS 116 Leases and transition approach
3:55:05 Understanding control and economic benefits in asset management
3:57:00 Understanding control of assets and rights
4:01:06 Understanding the right to control and the concept of identified assets
4:03:14 Understanding the pipeline facility in lease accounting.
4:06:56 Substantial Substitution Rate and its consideration
4:09:10 Lease components and interrelation

[vinaybathla]

I cleared my CA exam 1 year ago. I also watched pareek sir classes. And today for reference I'm watching his videos again. Just have faith on him ❤

[shreyabhilare]

I'm CMA final student n so much worried about my CFR but really really thank you sir . आप ना होते तो क्या होता 🥲 but now I can relax n happy after watching your lectures my concept were so clear . Thank you so much sir n hats off to your efforts and Hard work. Please sir one request share other ind as revisions too . Thank you once again ☺️

[Cheatwithmeonweekends]

Sir This world needs more people like you....Aap selfessly hamara bhala chahte ho...so much efforts you are putting for us Sir....BEST TEACHER EVR🥰

[AB-frmg]

I revised all 5 major IND AS from your videos only and now my concepts are extremely clear. Your revision videos are as detailed as full lectures. I am so grateful I found your videos now I am very confident in FR and have recommended you to all my friends and juniors as well. Thank you so much sir for putting in such great effort and providing it on youtube free of cost . I was worried about passing and now I am confident about getting an exemption in FR because of your detailed revision videos. I have watched revisions of all famous faculties before but nobody is making such in depth revisions containing important questions, and it is difficult to understand such big topics from 1-1.5 hour videos. You deserve much more recognition and views than you get!

[raazkarki-lnkx]

v5:12 Introduction
9:31 accounting in books of lessee in breif
12:48 accounting in books of lessor in breif
14:03 lessee accounting
21:45 determination of lease term
43:49 termination penalty
45:33 in substance lease payment
52:42 crux of lease payment
56:06 ROU asset value
1:01:19 illustration 28
1:08:36 illustration 31
1:20:35 illustration 32
1:33:19 break
1:39:00 discount rate calculation
1:48:10 lease denominated in foreign currency
2:01:45 illustration 34 modify of lease
2:06:28 illustration 35 modify of lease
2:13:48 illustration 36
2:16:58 illustration 37
2:30:13 sale and lease back illustration 45
2:45:18 break
2:46:44 lessor accounting
2:58:57 non-manufacturer accounting
3:06:27 manufacturer accounting
3:18:58 Illustration 38
3:26:12 sub lease
3:30:23 Illustration 46 (transitional Provision)
3:46:01 Theory

[poojajaiswal]

2:31:00 (16) illus sale & lease back
2:58:57 non-manufacturer ac
3:6:27 manufacturer ac
3:18:58 illustration 38
3:26:12 sub lease
3:30:23 illus 46 (transition)

[himanshugarg]

2:25:00 LDR
S&lease back — 2:32:20
Operating lease eg —— 2:53:40
Unguranteer residual value — 3:05:48
Ill 38 : 3:16:46
Transition approach q — 3:30:57

[JayeshGelot-pb]

4:01:00 samaj rahe hona 😂 was epic .... mindblowing lecture...words are not enough for that❤

[manekjayesh]

Sepration of lease & non-lease : 04:09:00
Practical expidient (together) : 04:16:54
IDC - 04:19:30

[dhebekmn]

Sir as per my understanding, those who dispel darkness of ignorance through knowledge light is Real Guru. You are the Real Guru Sir! Accept my humble obeisance.

[lostforwords]

Case C modification(ill- 37) 1:26:00
1:48:00 Lease denominated in foreign currency
1:20:00 CPI + reassessment