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Finance lease IFRS 16

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Finance lease IFRS 16

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • May 29, 2018 at 1:53 pm #454637
    rihaam
    Member
    • Topics: 53
    • Replies: 37
    • ☆☆

    Hi,

    Is a finace leased asset derecognised by the lessor?

    Would the entry be
    Dr. Lease receivable
    Cr Asset leased

    Thanks

    May 30, 2018 at 11:35 am #454862
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7082
    • ☆☆☆☆☆

    Hi,

    Yes, and any difference is taken to profit or loss.

    Thanks

    May 30, 2018 at 12:17 pm #454868
    rihaam
    Member
    • Topics: 53
    • Replies: 37
    • ☆☆

    Thanks a lot.

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Viewing 3 posts - 1 through 3 (of 3 total)
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