Thank you very much, it very useful. I have an question. if initial recog lease receivable is more or less of the asset, the difference how to handle it ? during the year end, assets should perform the revaluation as FV model ? and how should handle the rental free period as lessor accounting ?
i have a qusetion. ifrs 15 Standart says you must recognise sale when control transfered. infrs 16 says to recognise as Lease contract you must have control over it. Sale and leaseback says transaction must satisfy ifrs 15 criteria to recognise sale. if it satisfys ifrs 15 yo must transfer control so it is not lease contract but lease contracts demand control.
Hello, thks for this video... I have a question... at the end, I got $20 (unguaranteed) which is going back to the asset... my question is... if it is a finance lease, how could it be returned to the asset if the asset is supposed to go to the lessee (that's the nature of the finance lease and one of the practical requirements?, so, at the end of the day, the unguaranteed amount is meant to be "0" for finance leases?
Hi, good question Deigo Emilio. Well, a lease can be a finance lease without transferring an asset to the lessee at the end of lease term. A lease becomes a finance lease when substantially all risks and rewards are transferred to the lessee. If the lessee uses the asset for substantially all useful life of the asset and returns it to lessor at the end, its still a finance lease. For more clarification on this you can watch my video "Lease classification (finance lease vs operating lease)". Hope that helps.
@@ifrsmasterclass Thanks for your kind answer... I really appreciate it!!... I got your point and you are right, some times even though it is a finance lease, the lessee does not get the asset at the end of the contract; however, in real life, that´s the main purpose, in fact, two of the conditions lead to obtain the asset by the lessee... if the contract leads to transfer the asset to the lessee, what will the journal entry be? Thanks so much!!
Why the lessor only includes unguaranteed residual value, since as per AS 19 it includes expected residual value which is the sum of guaranteed as well as unguaranteed residual value?
Wao I have been looking for these but no fortune until I found your video
So beautifully explained. Hats off
Great video. The presentation is very clear and awesome. Thank you very much.
Helpful video. Thanks
Thank you very much, it very useful.
I have an question. if initial recog lease receivable is more or less of the asset, the difference how to handle it ? during the year end, assets should perform the revaluation as FV model ? and how should handle the rental free period as lessor accounting ?
I didn't get the derecognition journal as NCA has carrying amount if it is higher than FV should we not make a gain on it.
Thank you. Very helpful.
that was very helpful. thank you.
My pleasure ☺️
very usefull example thank you so much !
if there is a down payment on signing agreement and then 3 installments and a residual value, how will the entries be?
i have a qusetion.
ifrs 15 Standart says you must recognise sale when control transfered.
infrs 16 says to recognise as Lease contract you must have control over it.
Sale and leaseback says transaction must satisfy ifrs 15 criteria to recognise sale. if it satisfys ifrs 15 yo must transfer control so it is not lease contract but lease contracts demand control.
How do you determine the 10% interest when it is not in the lease agreement?
Very useful
Thank you 😊
Hello, thks for this video... I have a question... at the end, I got $20 (unguaranteed) which is going back to the asset... my question is... if it is a finance lease, how could it be returned to the asset if the asset is supposed to go to the lessee (that's the nature of the finance lease and one of the practical requirements?, so, at the end of the day, the unguaranteed amount is meant to be "0" for finance leases?
Hi, good question Deigo Emilio. Well, a lease can be a finance lease without transferring an asset to the lessee at the end of lease term. A lease becomes a finance lease when substantially all risks and rewards are transferred to the lessee. If the lessee uses the asset for substantially all useful life of the asset and returns it to lessor at the end, its still a finance lease. For more clarification on this you can watch my video "Lease classification (finance lease vs operating lease)". Hope that helps.
@@ifrsmasterclass Thanks for your kind answer... I really appreciate it!!... I got your point and you are right, some times even though it is a finance lease, the lessee does not get the asset at the end of the contract; however, in real life, that´s the main purpose, in fact, two of the conditions lead to obtain the asset by the lessee... if the contract leads to transfer the asset to the lessee, what will the journal entry be?
Thanks so much!!
Why the lessor only includes unguaranteed residual value, since as per AS 19 it includes expected residual value which is the sum of guaranteed as well as unguaranteed residual value?
Well in case of IFRS 16, guaranteed residual value is "included" in the definition of "lease payments"
@@ifrsmasterclass ok thank you
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