SALE AND LEASEBACK - IFRS 16 (WHEN SALE IS BELOW FAIR VALUE)

[@XQ1990]

great work, the subsequent treatment of the prepayment how should it be ? thank you

[@charlesamofa5826]

clear understanding... thanks senior

[@nanayawowusukissi1109]

very precise..God bless you

[@olugbengadaniel5402]

So George, how about the prepayment figure in the journal? shouldn't it be in the extract of the statement of financial performance as a current asset?

[@georgesaccountingtutorials]

Thanks for your question, Daniel. The prepayment should be recognized as a current asset in the "Statement of Financial Position".

[@Ricaurtetrujillo]

Please let me know how do we register the prepayment after the commencement date, thanks

[@PraiseHYMN725]

I am waiting to hear this also.

[@mohamedelsherif3507]

the difference between fair value and sale price is consider to be prepayment so the entity added this amount to Right of use asset and allocate the right of use asset over the remaining useful life or lease term whichever is lower.

[@gamilaadam5133]

You are realy helpful thanks a lot

[@tracywilliams8814]

On IS and BS December 31, what happened to you prepayment recorded to your asset on January1, ignore them? Account them?

[@christiancobbinah9296]

Thank you

[@georgesaccountingtutorials]

You're welcome

[@maalimsopay1655]

How will be when performance obligations not satisfied?

[@nanayawowusukissi1109]

please cover more standards

[@md.monjurulislam2217]

Where you have presented prepayment

[@md.monjurulislam2217]

Kindly respond, it is urgent Tomorrow my professional exam