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Remote session ACCA CBE 1-5 March 2021 - Please read advice/recommendations from ACCA

Instant Poll & Comments: Paper AA was.. | Paper AAA was..

ACCA FR Chapter 12 Leases (IFRS 16) Questions


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Comments

  1. ogwo says

    January 16, 2021 at 2:21 am

    Please how was the balance b/f of $1,710,000,000 arrived at in the solution provided for question 6 ?.

    Thanks.

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  2. ogwo says

    January 16, 2021 at 2:19 am

    Please how was the balance b/f of $1,750,000,000 arrived at in the solution provided for question 4 ?.

    Thanks.

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    • beckief says

      February 8, 2021 at 9:13 pm

      Hi,

      This might be too late.

      There is an omission of space. It’s not a b/f of 1,750,000. It is actually the year ending ’17 – with 50,000.00 as initial entry. Same applies for the second row.

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  3. nehadi says

    September 16, 2020 at 3:58 pm

    How do I use the market discount rate on lease?

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    • kennetho98 says

      October 16, 2020 at 4:48 pm

      Apply the discount rate on the lease liability at year-end before deducting lease payments(if they’re paid in arrears)

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  4. goldybird says

    August 23, 2020 at 1:24 am

    Question 1- should depreciation not be calculated on the Right of Use asset valued at the present value of lease payments?

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  5. syhrhdrs says

    October 18, 2019 at 11:57 am

    Can someone please clarify? Do I calculate interest after deducting payments or before? Thank you!

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    • princess924 says

      October 23, 2019 at 7:09 pm

      Same here. How r we going to know if interest will be calculated after we r before the installment

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      • mumula says

        June 28, 2020 at 7:33 pm

        WHERE CAN I FIND SOLUTIONS,ANSWERS?

    • elnur96 says

      November 8, 2019 at 7:02 am

      Good day. If payments are made in arrears we first calculate interest then deduct payments. If we pay in advance first we deduct payment then calculate interest. Hope you get it.

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  6. ausra says

    August 23, 2019 at 1:01 am

    Question on 4 & 6. Aren’t the interest being calculated on the B/F AFTER cash deducted? This was in the lectures.
    Thank you in advance!

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    • kennetho98 says

      October 16, 2020 at 4:54 pm

      It is only when payments are made in advance. However, if payments are made in arrears interest rate is computed on the bal b/f before deducting the payment.

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  7. radge says

    May 1, 2019 at 3:24 pm

    Plz The 250000 used to charge 10% came from where?

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    • riyasivaraj says

      May 28, 2019 at 5:09 pm

      380000-130000=250000

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