IFRS 16 Leases – summary 2021

https://www.cpdbox.com This video is a short summary of IFRS 16. If you need to learn more, please visit our website for great discussion with many practical advices on this standard. The contents: 00:00 Introduction 00:58 Objective of IFRS 16 01:14…

IFRS 16 Leases - summary 2021

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https://www.cpdbox.com This video is a short summary of IFRS 16. If you need to learn more, please visit our website for great discussion with many practical advices on this standard.
The contents:
00:00 Introduction
00:58 Objective of IFRS 16
01:14 Scope exclusions of IFRS 16
01:31 Optional exemptions
02:29 Does the contract contain the lease?
02:56 Accounting by the lessee: At the commencement
04:52 Accounting by the lessee: After the commencement
06:21 Accounting by the lessor: Classification of the lease
07:26 Accounting by the lessor: Finance lease
08:22 Accounting by the lessor: Operating lease
08:57 Sale & leaseback
This is just the short executive summary of IFRS 16 and does NOT replace the full standard – you can see the full text on IFRS Foundation’s website.

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