Thank you for watching this video. Become a VIP Member by Subscribing To My Channel goo.gl/Nw9WJU Check out these playlists also Accounting Standards Lectures ruclips.net/p/PLr0o467TparV0dWblpCOnwN2oVHjmzpKx Management Accounting ruclips.net/p/PLr0o467TparX-T2HRzbQHeL3GvdeQUjsQ Financial Management ruclips.net/p/PLr0o467TparXJe7a9Kmh7XIkWCaFdRECO Public Sector Accounting and Finance ruclips.net/p/PLr0o467TparUVByDsBSUzp4gz7FY-ZCiX Financial Reporting / Corporate Reporting ruclips.net/p/PLr0o467TparV0dWblpCOnwN2oVHjmzpKx Strategic Case Study ruclips.net/p/PLr0o467TparWm9hiAwhsmgzG1deg3ZjWk
I underestimated your teachings at first And now you're the only one that has been able to explain IFRS 16 to my understanding You gained a sub and I'll recommend you to my friends as well
Honestly, this lecture is by far the best. This was the chapter I feared most but my favourite now. I am definitely going to be watching all your other lessons on chapters part of my syllabus. Really appreciate your lessons 🙏🏿
Woow great video, thank you so much for putting this out. Please can you share the material use with us, so we can also follow through with the class work???
Good video. I would just like more clarity on the guaranteed residual value and the unguaranteed residual value and how remeasurement works with changes in the values
Excellent presentation. I have one query on Lease, if it is financial lease whether lessee can claim the depreciation expenses in Oil & Gas industry in UOP method in which the field is producing more than year?
Thank you for the explanation on IFRS16, I have a question on calculating the lease liability. If your lease term is 5 years - at the beginning of the year do you use the fixed lease payment amount that you start the lease term or you use the new payment for the new year.
Hello sir! Thank you so much for this video, I understood ifrs 16 so well because of your style of teaching. May I just ask, since the components of ROU and LL at initial recognition vary, is there a chance that their amounts differ? If so, what will be the account used for the balancing figure? Thank you so much again for this video and I hope to hear from you. :)
@@deesoller7077 There’s a chance ROU and LL may differ at initial recognition Eg1:If lessor pays lease incentive to the lessee -This will reduce the amount of your ROU and the balance would be a debit to Bank Acc: Dr ROU Dr Bank-Incentive paid by lessor to lessee CR lease liability Eg2:Lesee had to pay previous tenant so they may vacate-This increases the value of right of use Dr ROU CR Bank-Amount lessee paid to previous tenants CR lease liability
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Hi, If the lessee has a contract with the lessor, where the Lessee uses the property of the Lessor only upon request essee therefore only occasionally. Does it still fall under IFRS 16?
@Nhyira_Premium presenting the interest expense in the P/L account for the end of year payments (arrears) you circled the installment instead of the interest was it a mistake or? Need a clarification. Thanks for the explanation though
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Accounting Standards Lectures
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ruclips.net/p/PLr0o467TparX-T2HRzbQHeL3GvdeQUjsQ
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ruclips.net/p/PLr0o467TparXJe7a9Kmh7XIkWCaFdRECO
Public Sector Accounting and Finance
ruclips.net/p/PLr0o467TparUVByDsBSUzp4gz7FY-ZCiX
Financial Reporting / Corporate Reporting
ruclips.net/p/PLr0o467TparV0dWblpCOnwN2oVHjmzpKx
Strategic Case Study
ruclips.net/p/PLr0o467TparWm9hiAwhsmgzG1deg3ZjWk
hello, I have been following your tutorial and they are brilliant. I need some help please. is it possible to call you please
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Helo thanks for the efforts. You have been so supporting. Kindly explain the differences between lease and investment assets
Thank you very much, I must confess that I have never seen IFRS 16 broken down like this. Really enjoyed the class.
That's inspiring to hear 🙏🙏😊😊
U are simply the best
Thank you
I underestimated your teachings at first
And now you're the only one that has been able to explain IFRS 16 to my understanding
You gained a sub and I'll recommend you to my friends as well
That is great to hear. Thank you 👍 😊
@@NhyiraPremium you have tackled this very technical standard conclusively; i need to claim my money from the other consultants hehehe
i am Khalid from Yemen . i would to thank you about simply explain ,,,, go on
IFRS 16 simplified. Nice video!
Thank you
This was extremely good, thank you
Very well explained and the complexity of the IFRS I have always feared disappeared in a flash.Thanks🙏
Honestly, this lecture is by far the best. This was the chapter I feared most but my favourite now. I am definitely going to be watching all your other lessons on chapters part of my syllabus.
Really appreciate your lessons 🙏🏿
That's great to hear🙏🙏🙏
Your style of teaching is very intuitive. Great job! Keep it up.
Thank you 😊
Wow I love your passion...you teach better than my lecturer. Bless you... keep tutoring 🙏👌
Many Thanks, really detailled explanation, keep on the good job !
Good...great explanation...I appriciate👍
Thank You very much Mr. Lecturer.
Thanks for this
So detailed
Young man, you are a genius
Thank you 🙏🙏🙏
@@NhyiraPremium Is there no lectures on IAS 28 Investment in an associate chief?
You can check the Playlist on Group Financial Statements.
this has really helped me right now
Sir, you helped me understand this topic A LOT EASIER. Thank you so much!
Always a pleasure 😊
Needed quick update on way to work! Thank you... looking forward to part 2. 👏🏾
Part two already available on the channel
You need to answer the asked questions
So clearly explained.. thanks a ton brother..
Very well explained. Thank you sir.
Thank you.You are a life saver
Woow great video, thank you so much for putting this out. Please can you share the material use with us, so we can also follow through with the class work???
Hello Please do you have the Part 2 already? can you please share the link. Great lecture, keep it up, God bless you
ruclips.net/video/rJnQX3L5TNk/видео.html
u got me nhyira
Good video. I would just like more clarity on the guaranteed residual value and the unguaranteed residual value and how remeasurement works with changes in the values
Thank you so much
Your so good
Hi,, thank you for the video.. please use a mic ,, it will make a big difference.
Excellent presentation. I have one query on Lease, if it is financial lease whether lessee can claim the depreciation expenses in Oil & Gas industry in UOP method in which the field is producing more than year?
Definitely. It depends also on the Tax laws in the country.
please do you do personally classes?
Yes. Visit www.nhyirapremium.com
Thank you for the explanation on IFRS16, I have a question on calculating the lease liability. If your lease term is 5 years - at the beginning of the year do you use the fixed lease payment amount that you start the lease term or you use the new payment for the new year.
You use the c/f from the previous year
Had to sub u r good
Hello Nhyira. Thanks for this this detailed lecture. My question however is how do you get the annual installment figure? Thank you
It's always given in the Question
Please sir
Under the ifrs 16 under the lessee depreciate the asset and under what conditions?
Can you re - type your question? Because I don't understand you well
I guess u mean how to depreciate the right to use asset ; the amount charge at the p&l .
shorter / lower of the UEL and the lease term
Hello sir! Thank you so much for this video, I understood ifrs 16 so well because of your style of teaching. May I just ask, since the components of ROU and LL at initial recognition vary, is there a chance that their amounts differ? If so, what will be the account used for the balancing figure? Thank you so much again for this video and I hope to hear from you. :)
There's no account for the balancing figure
@@NhyiraPremium I see sir. Thanks a lot! Subscribed to your channel. :)
@@deesoller7077 There’s a chance ROU and LL may differ at initial recognition
Eg1:If lessor pays lease incentive to the lessee -This will reduce the amount of your ROU and the balance would be a debit to Bank Acc:
Dr ROU
Dr Bank-Incentive paid by lessor to lessee
CR lease liability
Eg2:Lesee had to pay previous tenant so they may vacate-This increases the value of right of use
Dr ROU
CR Bank-Amount lessee paid to previous tenants
CR lease liability
Any lecture on IFRS 15 ias 19 and IFRS 2??
Yes, check the accounting standards playlist
Pls can use IFRS 16 when I'm being asked by the question to account according to IAS 17
No, you cannot.
Okay thanks... So does that means both standards are useful in this current time?
Thank you
It's a pleasure always 🙏🙏
Hello I have a question on IFRS 16, how can I submit my question?
Podcast / Audio LECTURES
Are you looking for Audio lectures on various topics by Nhyira Premium for your ICAG | CIMA | ACCA EXAMINATION?
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Good Evening! how can I submit my question?
Please I need lecture on related parties
Hi, If the lessee has a contract with the lessor, where the Lessee uses the property of the Lessor only upon request essee therefore only occasionally. Does it still fall under IFRS 16?
It depends on the terms of the contract. It may be considered as a normal rental. That's, the rent will be paid as and when the asset is used.
@@NhyiraPremium it is a truck, where there is a 24 months period to which the lessee can make use of the said truck upon request at a rate
Please, why will the lessor or the lessor and lesser introduce interest rate in the lease agreement?
To take care of the time value of money
What are some of the initial direct cost the lessee incurres during a lease?
legal cost or notary fee, professional fee (honorarium)
@Nhyira_Premium presenting the interest expense in the P/L account for the end of year payments (arrears) you circled the installment instead of the interest was it a mistake or? Need a clarification.
Thanks for the explanation though
Yes, that's an error. Thanks
@@NhyiraPremium Thank you
Watch the Part 2 here
ruclips.net/video/rJnQX3L5TNk/видео.html
Thank you