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22 lut 2024 · In accordance with IFRS 16.61, a lessor should classify each of its leases as either a finance lease or an operating lease. Leases that transfer substantially all of the risks and rewards incidental to ownership of the underlying asset are finance leases, and all other leases are operating leases.
- Recognition and Measurement of Leases
Measurement of right-of-use (RoU) asset and lease liability...
- Sale and Leaseback Transactions
Additionally, as described in IFRS 16.B45-B47, if the lessee...
- Presentation and Disclosure
Under IFRS 16.47-48, right-of-use assets and lease...
- Lease Term
The first step in assessing the lease term is to determine...
- Lease Modifications
When a lease modification does not reduce scope of the...
- Identifying a Lease
If not, the contract isn’t a lease. See also Example 2 in...
- Scope of IFRS 16
When applying this exemption, lease payments are recognised...
- Effective Interest Rate
(16) 3,950: 20X1-12-10: ... Entity A increases the amortised...
- Recognition and Measurement of Leases
IFRS 16.98 In a sale-and-leaseback transaction, a company (the seller-lessee) transfers an underlying asset to another company (the buyer-lessor) and leases that asset back from the buyer-lessor. IFRS 16.99 To determine how to account for a sale-and-leaseback transaction, a company first considers whether
• IFRS 16 Leases requires lessees to put most leases on their balance sheets. • Lessees apply a single accounting model for all leases, with certain exemptions. • For lessors, the accounting is substantially unchanged from the accounting under IAS 17 Leases. • IFRS 16 is effective for annual periods beginning on or after 1 January 2019 ...
understanding of IFRS 16’s detailed guidance on lease modifications is currently essential, and many lessees have taken advantage of the new practical expedient for rent concessions. This publication provides an overview of IFRS 16’s accounting models for lessees and lessors.
19 sie 2024 · In this high-level overview of IFRS 16, we introduced the key differences for lessee accounting under IAS 17 and IFRS 16, provided an example of a lessee amortization schedule and the related journal entries, and discussed the required disclosures.
17 lut 2023 · The IASB has issued narrow-scope amendments to the requirements for sale and leaseback transactions in IFRS 16 explaining how a seller-lessee accounts for a sale and leaseback after the date of the transaction.
12 lut 2019 · IFRS 16 makes significant changes to sale and leaseback accounting. A sale and leaseback transaction is one where an entity (the seller-lessee) transfers an asset to another entity (the buyer-lessor) for consideration and leases that asset back from the buyer-lessor.
