- This topic has 1 reply, 2 voices, and was last updated 11 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for June 2025 exams.
Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › ias 17 leases
the answer for past year question 4 (a) states that accounting for operating lease can be conceptually flawed,because when an entity enters into an operating lease,it also acquire the rights to use the asset.so the entity can also recognise the rights as an asset.however this is not permitted by the ias…when they say the entity can recognise the rights as an asset,do they mean asset as in intangibles ias 38 or financial asset ias 39?
In that context, I believe the answer was referring to an intangible asset – “the right to use”