IFRS 16 Leases IFRS Lectures Finance Lease International Counteracting ACCA Exam default

Share this & earn $10
Farhat's Accounting Lectures
Published at : 20 Dec 2020
28100 views
665
7

IN this session, I explain IFRS 16. IFRS 16 introduces a single lessee accounting model and requires a lessee to recognise assets and liabilities for all leases with a term of more than 12 months. IFRS 16 closed the loophole which allowed corporations to hide certain assets and liabilities off-balance sheet. The IASB published IFRS 16 Leases in January 2016 with an effective date of 1 January 2019.

Are you a CPA candidate or accounting student? Check my website for additional resources such exam questions and notes:https://farhatlectures.com/
Connect with me on LinkedIn:
https://www.linkedin.com/in/professor...
Instagram Account: @farhatlectures
Facebook: @accountinglectures
Twitter: @farhatlectures
Email: Mansour.farhat@gmail.com
#CPAEXAM #intermediateaccounting #bankreconciliation
#CPAEXAM #ifrs16 #internationalaccounting



The objective of IFRS 16 is to report information that (a) faithfully represents lease transactions and (b) provides a basis for users of financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. To meet that objective, a lessee should recognise assets and liabilities arising from a lease.

IFRS 16 introduces a single lessee accounting model and requires a lessee to recognise assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value. A lessee is required to recognise a right-of-use asset representing its right to use the underlying leased asset and a lease liability representing its obligation to make lease payments.
My website: https://farhatlectures.com/
Facebook page: https://www.facebook.com/accountinglectures
LinkedIn: https://goo.gl/Pp2ter
Twitter: https://twitter.com/farhatlectures
Email Contact: Mansour.farhat@gmail.com
IFRS 16ifrs 16 lease accountingifrs 16 lease accounting journal entries

Flicker Shot | How to Boomerang A Card Around Your Back | Tutorial Trailer |  Cardistry by Virtuoso

Flicker Shot | How to Boomerang A Card Around Your Back | Tutorial Trailer | Cardistry by Virtuoso

How to instruct Dressage | SSO

How to instruct Dressage | SSO

26 THINGS TO DO WHEN YOU'RE BORED

26 THINGS TO DO WHEN YOU'RE BORED

Uh Oh Stinky Uh Oh Stinky || TikTok Compilation

Uh Oh Stinky Uh Oh Stinky || TikTok Compilation

General 6 epizoda

General 6 epizoda

Love by Chance (Eng sub) - บังเอิญรัก - Ep09

Love by Chance (Eng sub) - บังเอิญรัก - Ep09

Student Portfolios for Classroom Assessment

Student Portfolios for Classroom Assessment

Did We Just See a Blow Off Top?

Did We Just See a Blow Off Top?

ARE YOU A COMPETENT LEADER?

ARE YOU A COMPETENT LEADER?

Ideal - Psycho Paul

Ideal - Psycho Paul

How to Solar Power Your Home / House #1 - On Grid vs Off Grid

How to Solar Power Your Home / House #1 - On Grid vs Off Grid

Satellite Tv On PC Review Satellite Tv on PC

Satellite Tv On PC Review Satellite Tv on PC

US House of Representatives debates the 25th Amendment | USA TODAY

US House of Representatives debates the 25th Amendment | USA TODAY

GCSE Physics - The difference between Speed and Velocity & Distance and Displacement  #51

GCSE Physics - The difference between Speed and Velocity & Distance and Displacement #51

Brantley Gilbert - Welcome To Hazeville ft. Colt Ford, Lukas Nelson, Willie Nelson

Brantley Gilbert - Welcome To Hazeville ft. Colt Ford, Lukas Nelson, Willie Nelson

გელა გნოლიძე და ღამის შოუს ბენდი | ზღვა ღელავს

გელა გნოლიძე და ღამის შოუს ბენდი | ზღვა ღელავს

The Most Satisfying Video Ever

The Most Satisfying Video Ever

I’m posting due too the fact that we haven’t laughed this hard before

I’m posting due too the fact that we haven’t laughed this hard before

Pritam - Tujhko Jo Paaya Best Video|Crook|Emraan Hashmi|Neha Sharma|Mohit Chauhan

Pritam - Tujhko Jo Paaya Best Video|Crook|Emraan Hashmi|Neha Sharma|Mohit Chauhan

What to Do When a Loved One Has Anosognosia: Lack of Awareness

What to Do When a Loved One Has Anosognosia: Lack of Awareness

How China is slowly KILLING us all

How China is slowly KILLING us all

Jack Ma (Alibaba Group, AliExpress) at Lomonosov Moscow State University

Jack Ma (Alibaba Group, AliExpress) at Lomonosov Moscow State University

Grab this offers from your nearest Electronics store || Festumevento

Grab this offers from your nearest Electronics store || Festumevento

Complement System Made Easy- Immunology- Classical Alternate & Lectin pathway

Complement System Made Easy- Immunology- Classical Alternate & Lectin pathway

Juntal- MUTUPO (Official video)

Juntal- MUTUPO (Official video)

Basic components of Internal Combustion Engine

Basic components of Internal Combustion Engine

IMA Webinar: How Employers Can Respond to COVID-19 and Frequently Asked Questions

IMA Webinar: How Employers Can Respond to COVID-19 and Frequently Asked Questions

Visualization Project - Typhoon

Visualization Project - Typhoon

Upgrade your English - Sophisticated words you should start Using

Upgrade your English - Sophisticated words you should start Using

Winter glow toner | Vitamin C toner for glow | Bye Bye to dull winter skin with only 3 ingredients

Winter glow toner | Vitamin C toner for glow | Bye Bye to dull winter skin with only 3 ingredients

Palace - Heaven Up There

Palace - Heaven Up There

My $100k Stock Portfolio

My $100k Stock Portfolio

Making your own home flower pot with a rope is not as difficult as you think

Making your own home flower pot with a rope is not as difficult as you think

I Can’t Function Around Other People - Kyle Cease

I Can’t Function Around Other People - Kyle Cease

Hopefully They'll Stand There Doing Nothing - CUSTOM HERO CHAOS

Hopefully They'll Stand There Doing Nothing - CUSTOM HERO CHAOS

Stanley Kubrick on How to Adapt Novels Into Films

Stanley Kubrick on How to Adapt Novels Into Films

Dark Spot Treatments: Products I Love for Melasma & Hyperpigmentation | Skincare with @Susan Yara

Dark Spot Treatments: Products I Love for Melasma & Hyperpigmentation | Skincare with @Susan Yara

Guthrie Govan 32nd Note Strumming

Guthrie Govan 32nd Note Strumming

On MGTOW, Motivation and Self Improvement

On MGTOW, Motivation and Self Improvement

Best of Vicious #1

Best of Vicious #1

MUST HAVE Amenities For Your Vacation Rental in 2021

MUST HAVE Amenities For Your Vacation Rental in 2021

Beginning Russian: Genitive Case-3. Nonexistence and Absence with НЕТ

Beginning Russian: Genitive Case-3. Nonexistence and Absence with НЕТ

How to Price your work

How to Price your work

The Rules (Guidelines) of Adventure — The Pirates of the Caribbean

The Rules (Guidelines) of Adventure — The Pirates of the Caribbean

All Queries regarding Opt-out Scheme of ICAI for Nov 2020 exams| Answered in one video

All Queries regarding Opt-out Scheme of ICAI for Nov 2020 exams| Answered in one video

Celine dion - So that you love me still Lyrics [English]

Celine dion - So that you love me still Lyrics [English]

French crash course # How to express the quantity

French crash course # How to express the quantity

Best Laptops for Lawyers in 2020 - (For Lawyers, Attorneys and Law Students)

Best Laptops for Lawyers in 2020 - (For Lawyers, Attorneys and Law Students)

SIMPLENG PARAAN NG PAGIINVITE NG ATING MGA PROSPECT SA WE PROVIDE

SIMPLENG PARAAN NG PAGIINVITE NG ATING MGA PROSPECT SA WE PROVIDE