Buildings leased out under Operating LeaseForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Buildings leased out under Operating LeaseThis topic has 2 replies, 2 voices, and was last updated 5 years ago by Stephen Widberg.Viewing 3 posts - 1 through 3 (of 3 total)AuthorPosts June 29, 2020 at 2:54 am #574900 ashray99ParticipantTopics: 1Replies: 1☆Should buildings leased out under Operating Lease be accounted under IAS 40 Investment Property or under IFRS 16 Leases? June 29, 2020 at 3:02 am #574901 ashray99ParticipantTopics: 1Replies: 1☆As per the latest Kaplan Study Material Buildings leases out under an operating lease has been cited as an example under IAS 40 Investment Property. But technically, shouldn’t it be accounted under IFRS 16 Leases? June 29, 2020 at 12:03 pm #575084 Stephen WidbergKeymasterTopics: 16Replies: 3441☆☆☆☆☆Standard numbers are not relevant in the examBuildings leased out under OL are definitely IP; just as a car leased out under OL would be PPEAuthorPostsViewing 3 posts - 1 through 3 (of 3 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In