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IFRS 16 – Lessor accounting – finance lease – CIMA F2
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Hello sir, in the start it says we add the Unguaranteed Residual value but in the calculation we are adding the guaranteed residual and deducting the Unguaranteed amount.. can u please help me with it,
Many thanks.
Sorry I have read the question wrong
I thought that the present value of a lease payment received on or before the commencement date of the lease is not included in calculating the net investment in the lease. I think that’s what IFRS16 appendix A says. If that’s true then any payment received where year = 0 would be excluded no? But in this example in the video it was included.
Hello! When I use the AF tables Vs Long hand method of calculating the NPV, I get very slightly different numbers (by $5). Are you aware if there is a rounding threshold for the answers in the exam? If not, do you know which way the exam will require us to answer it?
In reality i can see that $5 within $24k is immaterial, but I think it wont get us the mark in the exam!
AF (1+3.63)*5000 = $23,150
DF5(0.822)*400 = $328.80
Total via AF = $23,478.80
Long hand method (as in your example)
$23,484
Variance $5.
Thanks very much!
In the exam you will be using the tables and so your answer would be the same as what is calculated by the examining team in the question. The questions are designed also to ensure that there is no possibility of students getting incorrect answers due to rounding. Thanks!
Why do you not take in to account the 1600 guaranteed residual please?