Hello Sir,
If I could ask, in the example 4- Lessee accounting- the question was quite similar to the one discussed here- for the Lessor. In that question too, just like this one , the payments were made at the start of the year. There we used annuity due discounting because the payments were at the beginning of the year. Can I ask why are we not using it here?
Thank you
M
Malak·
Sir can I ask what is the double entry for finance lease ?
Dr Recivable
Cr???
F
Fatima·
DR lease receivable CR PPE ( for derecognising an asset under finance lease as you have already transferred the risk and rewards to the lessee)
W
wgk·
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.
A
Ameer·
it is great lecture you make it easy and interesting.
many thanks
R
Ryan·
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.
R
rikp009·
Hi There,
Where is the Sale and leaseback lecture>
??
K
Kate·
In Fr video ~~
K
kch·
Dear Sir,
What is the double entry for the Q example 6 - Finance Lease?
Dr Finance Lease - receivable 23,484
Dr ?????
CR ?????
W
wgk·
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.
A
Ayesha·
sorry but where is Sale & Lease back lecture?
Regards
A
T
Tauhid·
Boom! found FR Videos. Thanks
T
Tauhid·
Sorry, I am lost! where can I Find FR Videos?
B
Bhumit Soni·
Sir, why did we consider 400 in year5?
R
Ronan·
that was the unguaranteed residual value
V
vlake·
The sale and lease back video is missing
P
P2-D2Tutor·
Hi,
If you look within the FR videos then you can find them there. The notes and examples are the same.
Thanks
G
Grant·
Afternoon,
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?
If I could ask, in the example 4- Lessee accounting- the question was quite similar to the one discussed here- for the Lessor. In that question too, just like this one , the payments were made at the start of the year. There we used annuity due discounting because the payments were at the beginning of the year. Can I ask why are we not using it here?
Thank you
Dr Recivable
Cr???
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.
many thanks
Where is the Sale and leaseback lecture>
??
What is the double entry for the Q example 6 - Finance Lease?
Dr Finance Lease - receivable 23,484
Dr ?????
CR ?????
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.
Regards
A
If you look within the FR videos then you can find them there. The notes and examples are the same.
Thanks
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?
many thanks
Grant