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

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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]

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[@khalidshiekh2020]

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

[@anthonymusyoki1523]

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

[@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

[@ethelndlovu1853]

This was extremely good, thank you

[@annphoenix4565]

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

[@botlhalemosimakoko9845]

U are simply the best

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Thank you

[@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 🙏🏿

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That's great to hear🙏🙏🙏

[@markzungu4939]

IFRS 16 simplified. Nice video!

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Thank you

[@Ellena077]

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

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Always a pleasure 😊

[@kwasidzah1457]

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

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Thank you 😊

[@davymakosso7561]

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

[@samsam-gp8eu]

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

[@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

[@kofiohenefosu6944]

Thank You very much Mr. Lecturer.

[@samueltrust7217]

Thanks for this So detailed

[@trishnjeri573]

this has really helped me right now

[@androidnanik8680]

So clearly explained.. thanks a ton brother..

[@chibuzookoye8019]

Very well explained. Thank you sir.

[@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

[@dialasamuel3202]

Thank you so much

[@josephinemanda1797]

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[@lukasiilonga1764]

Young man, you are a genius

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[@lukasiilonga1764]

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

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You can check the Playlist on Group Financial Statements.

[@mckabe353]

Your so good

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[@olawaleakanbi2296]

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

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[@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.

[@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

[@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

[@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

[@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. :)

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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

[@leahkasoka3812]

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

[@yoabmdunyananga4918]

Thank you

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It's a pleasure always 🙏🙏

[@botlhalemosimakoko9845]

Had to sub u r good

[@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?

[@TheEboquansah]

please do you do personally classes?

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Yes. Visit www.nhyirapremium.com

[@emmanuelakakpo1038]

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

[@muketealain9973]

legal cost or notary fee, professional fee (honorarium)

[@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

[@alhassanalibaba6845]

Please I need lecture on related parties

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[@friedaestherblessingniipit8395]

Good Evening! how can I submit my question?

[@emmanuelakakpo1038]

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

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To take care of the time value of money

[@hollyt5671]

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

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Yes, check the accounting standards playlist

[@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

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

[@kennedyossai7571]

Thank you