ACCA I Strategic Business Reporting (SBR) I IFRS 16 - Leases - SBR Lecture 38

[@angelrojas9357]

FIRST HOUR OF THE VIDEO - LESSEE ACCOUNTING 00:00 Definitions 03:55 Identifying a Lease 09:54 Two Practical Cases explained to Check and Identify a Lease 16:58 Lessee Accounting Part 1: Lease Liability and ROU - Initial Measurement: Definitions 24:22 Practical Case to explain Initial Measurement - Double entries/Journals 31:29 Lessee Accounting Part 2: Lease Liability and ROU - Subsequent Measurement: Definitions 35:56 Continuation of the Practical Case to explain Subsequent Measurement - Double entries/Journals 43:49 Lessee Accounting "Separating Components" Lease and Non Lease Components in a Contract 45:06 Practical Case explained - Double entries/Journals 54:39 Lessee Accounting "Reassessing the Lease Liability" Revised Discount Rate: Lease terms changes - Purchase 56:05 Practical Case explained 01:03:45 Short-Term Leases and Low Value Assets 01:06:05 Lessee Disclosures 01:07:08 SECOND HOUR OF THE VIDEO - LESSOR ACCOUNTING

[@NostalgicMalluGamer]

thank you

[@NgomusaBelovedNCY]

What a Lecture!! U've made leases so clear in only 2 hours! Help please - I was a bit confused at 1hrs32 example Lessors entries for operating lease - how we account for the deferred income the R175k - R85k story. Thank u so much!

[@bizcarecorporation60]

Grateful for your lecture. Thanks from Bangladesh. Allah bless you.

[@BlessingKeh]

Thank you for this mam. I am grateful 🙏. GOD bless you

[@misudhi99]

Thank you so much Maam really appreciate explained question with answers ❤😊

[@oreofepelumi]

This is helpful, thank you ma'am.

[@cmaanshifka8403]

Cant we use a combined entry for test your understanding - 3? Like, Dr Right of use asset A/c - 33,552 Cr Lease liability A/c - 31,552 Cr Cash A/c - 2,000

[@rangariraikuutsi122]

I am confident its still fine

[@ali8bilal]

Hi Mam. thanks for your time and effort. I have the question at 1:32 Hrs for OROC, 1. How can we calculate depreciation for operating lease as it Oroc is hiring on a operating lease 2. Deferred Income should be 510,000 (595,000 - 85,000) at the end of 31 Dec 20X1. Please correct if I am wrong.

[@shamshadqazi3520]

Hi, Oroc has given the Industrial Plant on operating lease to generate income of $85,000 annually , so Oroc has not transferred the risk and reward of the assets therefore Oroc will charge depreciation on the plant. Oroc will receive $85,000 each year end for 7 years as per the lease term and contract, but fortunately Oroc received $175,000 in the first year (20X1). Therefore, $90,000 ($175,000- $85,000) is a liability or deferred income. She is explaining each line so fantastically. We need to go through her all videos as she is the only one who worked 100% to make a full note of all the chapters and then made outstanding videos. We will not find another person on this earth who did this excellent job.

[@ahsanalikhawaja50]

Thanks mam I really need this Mam also make a short video on borrowing and biological aseets

[@SabiAkther]

I had already made on them. Check IAS 23 and IAS 41

[@mmadhuroyal]

Superb explanation mam

[@NgomusaBelovedNCY]

Shu the Sales and Leaseback part seems a bit tricky but I guess with more practice one will get there.. It wud be nice to see an example where sale price was less than the fair value😊

[@rashi_riya_dance]

I am just a beginner just want to know how is discount calculated in TYU 3. Why is it not 5%of 10k i.e., 500

[@fastsparkel2548]

can we study together

[@AustinDustbin]

5% is the discount factor, not discount.

[@harissattar7155]

Ms do u have ifrs lacture??

[@SabiAkther]

@@harissattar7155 message me at [phone]

[@ABHISHEKVERMA-mo1tw]

RAM RAM madam🙏