# IAS 17 Leases part 3

1. says

in relation to (asset 1) the difference of \$500 between FV-SP, cant it (\$500) be seen as a prepayment

• says

I think you should be grateful for the free lectures we are receiving rather than finding faults.
If you are not happy with the lectures, you can always go and attend a college and pay fees.

BE GRATEFUL TO THE EFFORTS OF OPEN TUITION

• says

this is not a hotel for you to order around! It’s a FREE service. Free is always involving a compromise! Go for LSBF, you’ll hear enough loud lectures there!

2. says

thanks a lot ! after your explanation i looked up annuity @ discount factor of 7% for 4 yrs and found it to be 3.387! thanks again i am definitely using your method!

3. says

please can anyone help me out with this ! i am struggling with how to bring the cumulative 4yrs rate of 3.387 back to 7%! anyone know how to calculate this

• says

@princefury007, 13,161 is the present value total. 3,000 of that was paid straight away at a discount factor of 1. The remaining 10,161 represents the present value of 3,000 for each of 4 years multiplied by the cumulative discount factor. 10,161 / 3,000 = 3.387 so cumulative discount factor of 3.387 applied to the equal annual flows of 3,000 = 10,161.

And 3.387 is the four year factor for 7%

Clear?

4. says

Hello Mike! The last page from the lecture starting from “IFRIC 4 specifies….” is missing in our lecture notes. Many thanks for your lectures though, I love them.

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Hello Mike! The last part of the video lecture starting from “IFRIC 4 specifies….” is missing in our lecture notes.

Sir, Is it still applicable or examinable for Dec 2013.

• says

There’s a whole lot of new stuff on leases – particularly an article in Student Accountant within the last 12 nmonths.

Read that, and you’re pretty much up to date