IAS 17 Leases Example 1

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  1. Avatar of anisa786 anisa786 says:
    June 16, 2013 at 6:39 pm

    HI

    Please explain the calculation used for disclosure for reconciling Minimum Lease payments to Fair Value on the gross basis.
    Initially we said that there are 7 instalments to be paid which is R24 000. But the calculation presented in the lecture is R21 000.

    Am I missing something

    Thanks!

  2. Avatar of asfa1 asfa1 says:
    February 21, 2013 at 11:39 pm

    good and helpful lecture thanks!

  3. Avatar of nigs001 nigs001 says:
    November 17, 2012 at 4:50 am

    Sir, I do not understand how you got $15244, canyou please explain

    • Avatar of MikeLittle MikeLittle says:
      November 17, 2012 at 3:19 pm

      @nigs001, Have you actually watched the video?

      The fair value is 17,500. A deposit is paid of 460. So the amount “borrowed” is 17,040, This is outstanding for one complete year and interest is accruing at 10%. So, at the end of the first year Sergijus owes capital of 17,040 plus interest of 1,704 ( a total of 18,744 ) And then he pays 3,500 and reduces the amount owing to 18,744 – 3,500 which equals ????

      OK?

  4. Avatar of taftedmelody taftedmelody says:
    November 7, 2012 at 3:44 pm

    i enjoy and concerntrate more wen i see your face mike

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