Accounting Standards Lectures - IFRS 16 Leases | ICAG | ACCA| CPA| CFA: Nhyira Premium- Part 1

Accounting Standards Lectures - IFRS 16 Leases | ICAG | ACCA| CPA| CFA: Nhyira Premium- Part 1
In this video, IFRS 16 Leases, Nhyira Premium explains the Principles of how the Lessee accounts for leased assets under IAS 17 as well as the new IFRS 16.
The video is certainly for all students of acca, cima, cpa, cfa, icag, and other professional qualification programs.
Among other things, you will learn about the following:
1. IFRS 16 Lease Accounting
2. Lessee Accounting
3. Treatment of lease liability
#NhyiraPremium #IFRS16 #Leases
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[@NhyiraPremium]

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[@NhyiraPremium]

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[@NhyiraPremium]

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[@malachiagu6002]

Helo thanks for the efforts. You have been so supporting. Kindly explain the differences between lease and investment assets

[@olufemiolutuyibi5201]

Thank you very much, I must confess that I have never seen IFRS 16 broken down like this. Really enjoyed the class.

[@NhyiraPremium]

That's inspiring to hear 🙏🙏😊😊

[@NhyiraPremium]

Podcast / Audio LECTURES Are you looking for Audio lectures on various topics by Nhyira Premium for your ICAG | CIMA | ACCA EXAMINATION? Get access to these lecture from any of the below Podcast Platforms. iTunes podcasts.apple.com/gh/podcast/nhyira-premium-l-education-entrepreneurship-l/id1457522865 Stitcher www.stitcher.com/podcast/nhyira-premium-l-education-entrepreneurship-l?refid=stpr Spotify open.spotify.com/show/3IYbvk7USQISDh4hfSo0vI Website nhyirapremiumuniversity.com/podcast/ #acca #education

[@friedaestherblessingniipit8395]

Good Evening! how can I submit my question?

[@NhyiraPremium]

Watch the Part 2 here kzbin.info/www/bejne/qHvRgotpgZqHhM0

[@anthonymusyoki1523]

Very well explained and the complexity of the IFRS I have always feared disappeared in a flash.Thanks🙏

[@klaudianiiipinge2494]

Honestly, this lecture is by far the best. This was the chapter I feared most but my favourite now. I am definitely going to be watching all your other lessons on chapters part of my syllabus. Really appreciate your lessons 🙏🏿

[@NhyiraPremium]

That's great to hear🙏🙏🙏

[@ekegodswill5130]

I underestimated your teachings at first And now you're the only one that has been able to explain IFRS 16 to my understanding You gained a sub and I'll recommend you to my friends as well

[@NhyiraPremium]

That is great to hear. Thank you 👍 😊

[@kuhemachindumba3114]

@@NhyiraPremium you have tackled this very technical standard conclusively; i need to claim my money from the other consultants hehehe

[@botlhalemosimakoko9845]

U are simply the best

[@NhyiraPremium]

Thank you

[@khalidshiekh2020]

i am Khalid from Yemen . i would to thank you about simply explain ,,,, go on

[@annphoenix4565]

Wow I love your passion...you teach better than my lecturer. Bless you... keep tutoring 🙏👌

[@markzungu4939]

IFRS 16 simplified. Nice video!

[@NhyiraPremium]

Thank you

[@addyuppystuart5130]

Needed quick update on way to work! Thank you... looking forward to part 2. 👏🏾

[@NhyiraPremium]

Part two already available on the channel

[@syllvastrebeydah8573]

You need to answer the asked questions

[@kwasidzah1457]

Your style of teaching is very intuitive. Great job! Keep it up.

[@NhyiraPremium]

Thank you 😊

[@Ellena077]

Sir, you helped me understand this topic A LOT EASIER. Thank you so much!

[@NhyiraPremium]

Always a pleasure 😊

[@ethelndlovu1853]

This was extremely good, thank you

[@davymakosso7561]

Many Thanks, really detailled explanation, keep on the good job !

[@kofiohenefosu6944]

Thank You very much Mr. Lecturer.

[@samueltrust7217]

Thanks for this So detailed

[@trishnjeri573]

this has really helped me right now

[@samsam-gp8eu]

Good...great explanation...I appriciate👍

[@androidnanik8680]

So clearly explained.. thanks a ton brother..

[@chibuzookoye8019]

Very well explained. Thank you sir.

[@josephinemanda1797]

Thank you.You are a life saver

[@celebirities.space2000]

u got me nhyira

[@dialasamuel3202]

Thank you so much

[@olawaleakanbi2296]

Woow great video, thank you so much for putting this out. Please can you share the material use with us, so we can also follow through with the class work???

[@TheMalhuis]

Good video. I would just like more clarity on the guaranteed residual value and the unguaranteed residual value and how remeasurement works with changes in the values

[@lukasiilonga1764]

Young man, you are a genius

[@NhyiraPremium]

Thank you 🙏🙏🙏

[@lukasiilonga1764]

@@NhyiraPremium Is there no lectures on IAS 28 Investment in an associate chief?

[@NhyiraPremium]

You can check the Playlist on Group Financial Statements.

[@mckabe353]

Your so good

[@olawaleakanbi2296]

Hello Please do you have the Part 2 already? can you please share the link. Great lecture, keep it up, God bless you

[@NhyiraPremium]

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[@bhekimadlala9625]

Thank you for the explanation on IFRS16, I have a question on calculating the lease liability. If your lease term is 5 years - at the beginning of the year do you use the fixed lease payment amount that you start the lease term or you use the new payment for the new year.

[@annphoenix4565]

You use the c/f from the previous year

[@bob6168able]

Hi,, thank you for the video.. please use a mic ,, it will make a big difference.

[@s.ganeshkumar370]

Excellent presentation. I have one query on Lease, if it is financial lease whether lessee can claim the depreciation expenses in Oil & Gas industry in UOP method in which the field is producing more than year?

[@NhyiraPremium]

Definitely. It depends also on the Tax laws in the country.

[@kennedyossai7571]

Thank you

[@deesoller7077]

Hello sir! Thank you so much for this video, I understood ifrs 16 so well because of your style of teaching. May I just ask, since the components of ROU and LL at initial recognition vary, is there a chance that their amounts differ? If so, what will be the account used for the balancing figure? Thank you so much again for this video and I hope to hear from you. :)

[@NhyiraPremium]

There's no account for the balancing figure

[@deesoller7077]

@@NhyiraPremium I see sir. Thanks a lot! Subscribed to your channel. :)

[@KhodaniMakungoZA]

@@deesoller7077 There’s a chance ROU and LL may differ at initial recognition Eg1:If lessor pays lease incentive to the lessee -This will reduce the amount of your ROU and the balance would be a debit to Bank Acc: Dr ROU Dr Bank-Incentive paid by lessor to lessee CR lease liability Eg2:Lesee had to pay previous tenant so they may vacate-This increases the value of right of use Dr ROU CR Bank-Amount lessee paid to previous tenants CR lease liability

[@amoabasupdates8525]

Hello Nhyira. Thanks for this this detailed lecture. My question however is how do you get the annual installment figure? Thank you

[@NhyiraPremium]

It's always given in the Question

[@ebenezerarthur9890]

Please sir Under the ifrs 16 under the lessee depreciate the asset and under what conditions?

[@NhyiraPremium]

Can you re - type your question? Because I don't understand you well

[@ceesatjohnb1898]

I guess u mean how to depreciate the right to use asset ; the amount charge at the p&l . shorter / lower of the UEL and the lease term

[@botlhalemosimakoko9845]

Had to sub u r good

[@TheEboquansah]

please do you do personally classes?

[@NhyiraPremium]

Yes. Visit www.nhyirapremium.com

[@elvisagbanyo8751]

Pls can use IFRS 16 when I'm being asked by the question to account according to IAS 17

[@NhyiraPremium]

No, you cannot.

[@elvisagbanyo8751]

Okay thanks... So does that means both standards are useful in this current time?

[@leahkasoka3812]

Hello I have a question on IFRS 16, how can I submit my question?

[@colmankiwale1570]

Hi, If the lessee has a contract with the lessor, where the Lessee uses the property of the Lessor only upon request essee therefore only occasionally. Does it still fall under IFRS 16?

[@NhyiraPremium]

It depends on the terms of the contract. It may be considered as a normal rental. That's, the rent will be paid as and when the asset is used.

[@colmankiwale1570]

@@NhyiraPremium it is a truck, where there is a 24 months period to which the lessee can make use of the said truck upon request at a rate

[@emmanuelakakpo1038]

Please, why will the lessor or the lessor and lesser introduce interest rate in the lease agreement?

[@NhyiraPremium]

To take care of the time value of money

[@emmanuelakakpo1038]

What are some of the initial direct cost the lessee incurres during a lease?

[@muketealain9973]

legal cost or notary fee, professional fee (honorarium)

[@alhassanalibaba6845]

Please I need lecture on related parties

[@dinadonkor8087]

@Nhyira_Premium presenting the interest expense in the P/L account for the end of year payments (arrears) you circled the installment instead of the interest was it a mistake or? Need a clarification. Thanks for the explanation though

[@NhyiraPremium]

Yes, that's an error. Thanks

[@dinadonkor8087]

@@NhyiraPremium Thank you

[@hollyt5671]

Any lecture on IFRS 15 ias 19 and IFRS 2??

[@NhyiraPremium]

Yes, check the accounting standards playlist

[@yoabmdunyananga4918]

Thank you

[@NhyiraPremium]

It's a pleasure always 🙏🙏