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IAS 17 v/s IFRS 16

This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.

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January 30, 2018 at 5:41 pm #434043
adarsh1997
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Hello Mike!
Is ‘transfers substantially all the risk and reward’ the same as having ‘control’ over the asset?
January 30, 2018 at 6:39 pm #434046
MikeLittle
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Pretty much although if you look at the IASPLUS website on IFRS 16 you’ll see a fuller explanation (including things like “the right to exclude others from access to the asset”)
OK?
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