IFRS 16 Leases IFRS Lectures Finance Lease International Counteracting ACCA Exam default скачать в хорошем качестве

IFRS 16 Leases IFRS Lectures Finance Lease International Counteracting ACCA Exam default

IN this session, I explain IFRS 16. IFRS 16 introduces a single lessee accounting model and requires a lessee to recognise assets and liabilities for all leases with a term of more than 12 months. IFRS 16 closed the loophole which allowed corporations to hide certain assets and liabilities off-balance sheet. The IASB published IFRS 16 Leases in January 2016 with an effective date of 1 January 2019. ✔️Accounting students and CPA Exam candidates, check my website for additional resources: https://farhatlectures.com/ 📧Connect with me on social media: https://linktr.ee/farhatlectures #CPAEXAM #ACCA #accountingstudent The objective of IFRS 16 is to report information that (a) faithfully represents lease transactions and (b) provides a basis for users of financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. To meet that objective, a lessee should recognise assets and liabilities arising from a lease. IFRS 16 introduces a single lessee accounting model and requires a lessee to recognise assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value. A lessee is required to recognise a right-of-use asset representing its right to use the underlying leased asset and a lease liability representing its obligation to make lease payments. My website: https://farhatlectures.com/ Facebook page:   / accountinglectures   LinkedIn: https://goo.gl/Pp2ter Twitter:   / farhatlectures   Email Contact: Mansour.farhat@gmail.com