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Forums › ACCA Forums › ACCA FR Financial Reporting Forums › IAS17 vs IFRS 16: Leases
Hello sir,
Is IAS 17 still examined and not IFRS 16?
I am asking because it (IAS 17) is the one I see in the lectures.
Anon39, if you’re going to insist on getting involved, please DO NOT give out false answers
Frederico, IAS 17 no longer exists so cannot be examine
IFRS16 is examinable now as the document concerning the treatment of leases
The lecture titled IAS 17 has not yet been re-recorded (but will be soon)
However, the methods demonstrated in that lecture are still appropriate for the calculation of lease interest, lease current liabilities, lease long term liabilities and the correct recognition of forecast losses
that’s why the lecture has not been removed – essentially the big difference is the title of the document (and the bases for the recognition of finance leases
OK?