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Leasing

This topic has 1 reply, 2 voices, and was last updated 6 years ago by MikeLittle.

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February 26, 2018 at 4:28 pm #439080
vinogradovaa
Participant
- Topics: 21
- Replies: 9
As IAS 17 prescribes the treatment of lease as financial and operating lease, but IFRS16 identifies leases as opposed to sales, there are different articles for F7 paper, but IFRS 16 will be in force from 2019, what is important to know for exam purpose?
Thanks.
February 26, 2018 at 8:47 pm #439101
MikeLittle
Keymaster
- Topics: 27
- Replies: 23215
IAS 17 is no longer in the examinable documents – throw it away – it will only confuse you
IFRS 16 is the only examinable document that covers leases
OK?
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