IFRS 16 Identifying a lease - ACCA (SBR) lectures

[@Directlite664]

This dude... hes so likable.. :)

[@ncamisilengcongca]

Enjoyed thoroughly, thanks so so much!

[@conchipalacios]

ha ha I enjoyed the explanation, really good . Thanks

[@Mark-re9eh]

I did think the first one was a lease, but I wasn't sure as there's no mention of consideration given in exchange. Is that a problem with the example?

[@nepsoldier8552]

so much clearity thank you sir❤

[@DavId-qz3nv]

I think these examples is very confusing. First in terms control and right to substitute: "10 cars of particular type"... The lessor might have three thousand of this type of rail cars (for example three wheeled red rail cars) and makes available juts 10 of them to the lessee when needed. Also there is no information who controls the cars when they are not transporting the goods of the lessee, yes? it leads us to second confusion: does the lessee receive substantially all benefits from the use of the asset during these years? I think there is not enough info about it in the scenario. Am I wrong?

[@ahmedzii2526]

all economic benefits from the use of the asset when in control

[@ravingagunawardana178]

I understand your point, but first example is more likely to be a lease than not to be a lease. I mean the freight carrier should make available 10 rail cars at disposal of "Peach", so "Peach" kinda controls those rail cars.

[@sinogarcon]

What's the difference between the "a particular type of rail car" and "the specified type of rail car"? Isn't these two sayings having the same meaning? The tutor's explanation of these two phrases were very confusing and kinda like a self-fulfilling loop.