This was such a helpful video. I have actually resorted to watching your videos than what I had been provided to me in my class (unnecessarily complicated). Thank you sir, this might even make my career.
@AccountingLectures4 жыл бұрын
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.pathwright.com/library/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
@pritamlaskar72652 жыл бұрын
Wow. Never understood anything in class but here it looks so simple. Thank you for the video!
@AccountingLectures2 жыл бұрын
Happy to help!
@bob6168able3 жыл бұрын
Excellent Mr Farahat, from a CPA. Kindly, it will be useful to include also in the example a bonus payment by the lessor and a disposal value at the end of the lease period. And to be more like real life , method to calculate the discount rate ,, implicit or incremental borrowing rate .. etc. Also under IFRS, also they use the term “Right of use asset”.
@AccountingLectures3 жыл бұрын
I might have those scenarios under my intermediate accounting. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
@lolo10010014 жыл бұрын
You are extremely knowledgeable..Thanks a lot for sharing your knowledge
@AccountingLectures4 жыл бұрын
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
@nishadbachu2 жыл бұрын
with 8%, present valuse of the lease payment is $154,626. Please explain any one about the formula used to reach this figure. I know remaining is interest. Just want to understand the formula to reach $154,626
@hamzatawwab Жыл бұрын
Its simple annutity formula, where term of contract (n) is 3 years, interest rate is 8%, annual payment (P) is 60000. PV = P x 1-(1+r)^-n / r
@sunseek52 жыл бұрын
Crystal clear explanation found nowhere else. Kudos🙏🙏🙏👍👍👍
@AccountingLectures2 жыл бұрын
Thanks. My course catalogue: farhatlectures.pathwright.com/library/
@shajmohd99352 жыл бұрын
Thank you so much sir..You explained it in a simple way..Thank you so much..May god bless you
@AccountingLectures2 жыл бұрын
You are most welcome. farhatlectures.pathwright.com/
@rachelng20484 жыл бұрын
How will the new lease standard affect the deferred tax liability and asset - how do I compute it
@bb83283 жыл бұрын
Very easy to understand. Thank you Farhat.
@AccountingLectures3 жыл бұрын
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
@cagricelik4937 Жыл бұрын
My uni lecturer sucks. I am so happy to find you, I guess we'll be walking together for long. Can we find enough courses for IFRS just like GAAP here ?
@michaelmcfarlane91202 жыл бұрын
why is int payments financing and not investing in the Cash FLow?
@mahtabuddin53862 жыл бұрын
Excellent professor..!!
@AccountingLectures2 жыл бұрын
Many thanks! Please connect with me: linktr.ee/farhatlectures
@jonathanwieler8863 Жыл бұрын
Love your channel. Thank you.
@AccountingLectures Жыл бұрын
Thank you and please visit the website for more farhatlectures.com/
@rahulsawant42644 жыл бұрын
Could you please show Journal Entries for Finance & Operating Lease in the books of Lessee & Lessor with same example?
@alisonali14 жыл бұрын
Rahul Sawant kzbin.info/www/bejne/aobRpmOMd9Wfh7M
@edreesalimy5166 Жыл бұрын
APPRECIATED
@AccountingLectures Жыл бұрын
Thank you and please visit the website for more farhatlectures.com/
@FB-tr2kf4 жыл бұрын
Just a quick recap Farhat: TIme Stamp 14:37. For IFRS 16, Lessees will show the following in the Income Statement: Interest & depreciation expense. & In the BS, they will show "right-of-use" asset which is 154.626K, and a liability of the same amount - correct?
@FB-tr2kf4 жыл бұрын
Sir?
@jayrajjavheri87404 жыл бұрын
Superb Explanation!
@AccountingLectures4 жыл бұрын
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
@mfilipe20104 жыл бұрын
If the lessee has not intention to to buy the asset at the end of the period of lease....like a building that, after 10 years of rent, he want it back to lessor........How to proceed at that moment....
@nicolaspeters92174 жыл бұрын
Such an Awesome Video.......
@AccountingLectures4 жыл бұрын
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.com/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
@ahsanubaidi22882 жыл бұрын
Thank you
@AccountingLectures2 жыл бұрын
Most welcome. Please take a look at my website: farhatlectures.com/ then choose your course.
@aaroacademy2 жыл бұрын
Thank you for sharing this.
@saad42464 жыл бұрын
Any videos to explain mid year lease, would be helpful sir
@AccountingLectures4 жыл бұрын
Maybe in the future. You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.pathwright.com/library/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
@alisonali14 жыл бұрын
king saad kzbin.info/www/bejne/aobRpmOMd9Wfh7M
@adunyarko9164 Жыл бұрын
Budget
@nikclaus23724 жыл бұрын
Any lectures/videos concerning sale and leaseback under ifrs 16?
@AccountingLectures4 жыл бұрын
All about leases here: kzbin.info/aero/PLxP0KZzCGFYPUR3GuCs5zkHfQg09VvmKb You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.pathwright.com/library/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
@Mahmoudalgindy5 жыл бұрын
Hi sir, Thank so much, I got confused!, How can I calculate the present value? Assume that Leasing a Car with this info: Cash Price $131,050 10% Advance Payment $13,105.00 Agreement 4 Years Monthly Payment $3,390.93 (Total installments $3,390.93 x 48 Months = $162,764.64 ) I hope it's clear, I want to know the ROU Asset Value?
@AccountingLectures5 жыл бұрын
You need to revisit the time value of money chapter, kzbin.info/aero/PLxP0KZzCGFYO1NtpU1NGpelY0XB_VyjcC
@Nubianqu33n884 жыл бұрын
To calculate the present value you can use the excel formula (PV) with the information you have above such as lease term, payment per year, interest rate.
@fnader10004 жыл бұрын
Dear Mr farahat in case I didn't pay the payment as contract and there is accrual how it will be tackled in this case
@angapydiraju75574 жыл бұрын
Thank u sir
@AccountingLectures4 жыл бұрын
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.pathwright.com/library/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
@ahsanubaidi22882 жыл бұрын
Sir please share notes, do you have notes of all ias and ifrs
@AccountingLectures2 жыл бұрын
Most welcome. Please take a look at my website: farhatlectures.com/ then choose your course.
@ahsanubaidi22882 жыл бұрын
Ok
@rashmiladdha42044 жыл бұрын
Superb explanation.. But there is a mistake..lease lesser than 12 months are treated as operating lease..please confirm
@pm.nishashakoor33944 жыл бұрын
its not obligatory , you can treat it as finance or operating . whatever you want
@sonerguney32253 жыл бұрын
No excel to download?
@lettymhlongo68794 жыл бұрын
😫😫😫 you didn’t touch on things like residual value guarantee because you spend so much time comparing the old and new standards
@reynardonainggolan12984 жыл бұрын
awesome. please teach how to analyze the financial statements on this issue.
@anandkumar-xu3yq5 жыл бұрын
Can you make video realted Backlog, order entry, pipeline
@AccountingLectures5 жыл бұрын
Hi Anand, I don't believe I cover those topics. Please subscribe and share the channel on social media. Please connect with me: Instagram: instagram.com/farhatlectures/ LinkedIn: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures