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Dear Sir,
I am sorry that I did not searched for this in the site, but
two additions on Leases for Sep 17:
1) Account for right of use assets and lease liabilities in the
records of the lessee
2) Explain the exemption from the recognition criteria for leases in the records of the lessee.Could you please guide, what can be asked on this, what will be enough to know.
If it is in the class notes, please, specify the page.Thank you!
If you look at the F7 course notes index page, you’ll find the chapter number and page number for the chapter on leases
The chapter was rewritten to satisfy the new IFRS so the detail of treatment and exemptions should be in there
When you’ve read it, if you need to, come back to me with any uncertainties that you may have
OK?
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