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I’ve been looking at the changes to leasing in both F2 and F3. My F3 exam is coming up but I’ve checked out the changes under F2 as well purely for interest. It looks like the standard change makes more of a difference under F2. In F2 the change may result in a deferred tax asset or liability because the expense in the accounts is interest + depreciation and there will be a change to how the lease is shown on the balance sheet, with both an asset and a liability and these will then change the ratios. I don’t think this comes into F3. Is that correct or is there a chance this could be needed for an F3 question?
The questions I’ve seen for F3 are mainly about lease vs buy calculations (or parts of those calculations) and they seem to be the same as they were under the previous standard. Is this correct? Are there any other changes for F3 that I’ve not picked up on, either in the calculations or in any theoretical questions that they might ask?
Hello!
My question is also related to changes in F3, concerning the topic – Hedge accounting.
According to my Kaplan text book it is said that from 2019 they are going to test this topic according to IFRS 9 standard (previously it was tested via IAS 39, IFRS 7).So this changes are already applied? If so, could anbody please comment, whether changes are significant?
Thank you!
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