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May 3, 2022 at 1:18 pm
I have one general question about financial lease:
Say, Company A leases its vehicles to company B, per agreement payment is nearly zero (0) annually from company B, but company B has the obligation to purchase these vehicles in near future.
At the end of financial year what will be lease receivable for Company A? – not knowing the exact redemption date and price. What will be the treatment?
August 21, 2021 at 8:58 pm
Sir can I ask what is the double entry for finance lease ? Dr Recivable Cr???
February 20, 2022 at 8:04 pm
DR lease receivable CR PPE ( for derecognising an asset under finance lease as you have already transferred the risk and rewards to the lessee)
August 3, 2021 at 8:20 pm
Finance Lease Accounting
1. Derecognise asset and record a receivable (@ net investment in the lease)
BUT, what happens the difference between the asset and receivable values? Should one recognise this difference as a gain / loss in the income statement???
Thanks in advance.
April 22, 2021 at 2:54 am
it is great lecture you make it easy and interesting.
June 11, 2020 at 4:35 pm
Great lecture. I find I understand this lecturer more if I go to the bottom right hand corner of the video, press the cog button and set playback speed to 1.5x.
September 30, 2019 at 7:15 pm
Where is the Sale and leaseback lecture> ??
June 28, 2020 at 4:33 pm
In Fr video ~~
August 26, 2019 at 4:05 am
What is the double entry for the Q example 6 – Finance Lease?
Dr Finance Lease – receivable 23,484 Dr ????? CR ?????
August 3, 2021 at 8:35 pm
I think the journal entries would be as follows!
Dr Lease Receivable Cr Asset (derecognise)
The difference between the lease receivable and the derecognised asset (assuming there is a difference) will be either a gain or loss – and therefore Dr SPL if a loss & Cr SPL if a gain.
August 13, 2019 at 5:54 am
sorry but where is Sale & Lease back lecture?
March 23, 2019 at 12:48 pm
Boom! found FR Videos. Thanks
March 23, 2019 at 12:26 pm
Sorry, I am lost! where can I Find FR Videos?
December 20, 2018 at 4:52 am
Sir, why did we consider 400 in year5?
March 28, 2019 at 11:45 pm
that was the unguaranteed residual value
July 6, 2018 at 10:12 am
The sale and lease back video is missing
July 6, 2018 at 11:25 am
If you look within the FR videos then you can find them there. The notes and examples are the same.
July 4, 2019 at 2:38 pm
On this occasion I noticed the video missing and the subsequent communication revealing the location of another relevant video to the SBR syllabus. Are there anymore lectures in the same scenario that we must find?
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